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PM hails EP’s approval of free trade agreement with Vietnam

Prime Minister Nguyen Xuan Phuc described the European Parliament’s ratification of the EU-Vietnam Free Trade Agreement and EU-Vietnam Investment Protection Agreement as a great event of the year that marks the 30th anniversary of Vietnam-EU diplomatic relations.
PM hails EP’s approval of free trade agreement with Vietnam ảnh 1Prime Minister Nguyen Xuan Phuc (right) and head of the EU delegation to Vietnam, Ambassador Pier Giorgio Aliberti (Photo: VNA)

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc described theEuropean Parliament (EP)’s ratification of the EU-Vietnam Free Trade Agreement(EVFTA) and EU-Vietnam Investment Protection Agreement (EVIPA) as a great eventof the year that marks the 30th anniversary of Vietnam-EU diplomaticrelations.

At a receptionin Hanoi on February 13 for head of the EU delegation toVietnam, Ambassador Pier Giorgio Aliberti, the PM thanked the Ambassador for his effort to push for the approval of thetwo agreements.

Heaffirmed that the Government, ministries and sectors of Vietnam will do theirbest to deliver on their commitments under the agreements, which will benefitboth sides.

PM Phuc informed the guest that he had instructed ministries andagencies to quickly proceed with internal procedures for early submission ofthe two agreements to the National Assembly for ratification. According to him,the NA is scheduled to consider and ratify the two agreements in the upcomingsession.

The PM asked the EU to help Vietnam enhance its capacity in implementingthe agreements. He affirmed that Vietnam always supports and creates the bestpossible conditions for EU investors to do business in the country.

He said Vietnam is serving as the Chair of ASEAN in 2020, which is anopportunity to promote EU-ASEAN relations.

Ambassador Pier Giorgio Aliberti attributed the result to the joint efforts of both sides, noting thatthe high approving votes demonstrated the EU’s positive assessment for Vietnamand trust in the country’s reform process. He appreciated Vietnam’s cooperationin addressing recommendations and issues of the EU’s concern.

The EU commits to work closely with Vietnam to ensure success of thedeals’ implementation, he said, adding that the EU will work to popularize thetwo agreements and the benefits that they will bring about among the people andbusiness community in 27 member states.

The EU diplomat asked Vietnam to spread the word about the agreements toits people and businesses./.

VNA

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