EU-Vietnam FTA needs to balance interests: Deputy PM

At a working session in Hanoi on November 21, Hue affirmed that the EVFTA is important to both Vietnam and the EU, asking the two sides to coordinate to speed up the signing and ratification of the trade pact in the first half of 2018.

The revision of economic cooperation contents should only relate to issues about the EU-Vietnam Framework Agreement on Comprehensive Partnership and Cooperation (PCA), other fields such as human rights should not be added, he noted.

Deputy PM Vuong Dinh Hue and EU Ambassador Bruno Angelet. Photo: VGP

The Deputy PM also expressed his regret at the EU’s issuance of a “yellow card” which warns Vietnam for illegal, unreported and unregulated (IUU) fishing. He noted that this issuance resulted in a more complicated environment amid the two sides’ enhancement of trade and investment cooperation.

Vietnam appreciates the EU’s warning, which aims to help the country tackle IUU fishing, he said, adding that its agencies have been taking synchronous solutions to solve, prevent and minimize IUU fishing.

Hue voiced his hope that the EU will soon remove the “yellow card” so as not to worry Vietnamese fishermen or affect the EVFTA signing.

Ambassador Angelet said the EU will work closely with Vietnam to carry out necessary solutions in order to soon remove the “yellow card” for Vietnam’s fishery products.

He also highly valued the Vietnamese Government’s activeness in directing ministries and sectors under the Vietnam-EU Joint Committee to take necessary steps to implement the EVFTA in 2018.

The PCA is important to accelerating the EVFTA signing and ratification, he noted, adding that to implement the PCA, a Vietnam-EU human rights dialogue will be held next week, and this dialogue will help deepen mutual understanding and strengthen bilateral relations in the time ahead.

Source: VNA