Skip to content

EU-Vietnam trade

The EU and Vietnam are signing the most ambitious trade deals ever agreed between a global trade power and a developing country.

EU-Vietnam trade

Introduction

EU and Vietnam sign a free trade agreement (FTA) and an investment protection agreement (IPA) on 30 June 2019.

It's the most ambitious FTA ever concluded with a developing country.

FTA benefits

99% of customs duties between EU and Vietnam will be eliminated

Value of trade

50 billion - the value of trade in goods

EU exports

High tech

Electrical

Machinery

Aircraft

EU imports

Telephone sets

Footwear

Textiles

Rice

Trade and sustainable development

Vietnam made commitments to:

  • implement core international labour standards
  • fight climate change
  • protect biodiversity

Source: European Commission

For more information, see: 

Topics