SME Chamber

EU and Vietnam launch free trade negotiations

19 March 2010

After intensive lobbying efforts by EuroCommerce DG Trade has decided to launch bilateral trade talks with individual ASEAN countries. Today Trade Commissioner Karl de Gucht has already launched free trade negotiations with the second ASEAN member state (after Singapore): Vietnam.

Vietnam is one of the fastest growing and dynamic economies in ASEAN, with GDP growth at almost 8% during 2003-2008. Even through the global economic downturn in 2009 Vietnam recorded a respectable growth rate of almost 5 %, making the country a highly interesting market for European retailers and wholesalers. Of course we will keep you updated throughout the negotiations.

Abigail Mamo –

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