FTA with Vietnam nearing completion

The Commission hopes to conclude the FTA by this summer but stumbling blocks remain
18 mars 2015 à 14h39
Pouvoirs
par Sébastien Falletti

Trade Commissioner Cecilia Malmström is likely to conclude a free trade agreement (FTA) with a country in Asia during the first year of her tenure. Her predecessor, Karel De Gucht, failed to clinch a deal with booming Vietnam during the last weeks of his mandate, but the negotiations are picking up again, according to EU and industry sources. "Both sides have committed to concluding the negotiations in the next few months while aiming for an ambitious agreement," said a Commission…

TTP factor

The fate of the EU-Vietnam FTA might be decided in the US Congress. The pace of the negotiations is highly dependent on the parallel trade talks Hanoi is conducting with the US (Trans-Pacific Partnership, TPP). These multilateral trade negotiations with eleven “like-minded” countries in the Pacific region have stalled and elicited mixed reactions from US lawmakers. In such a context, Vietnam is unlikely to conclude a deal with the EU if no breakthrough is achieved on the TPP, according to trade analysts.

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