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EU-Vietnam Free Trade Agreement (EVFTA) is a new generation FTA between Vietnam and 28 European Union member states. EVFTA and Trans-Pacific Partnership (TPP) are two of the largest new generation free trade agreements that Vietnam's largest ever negotiated.
On December 1st, 2015, the negotiation rounds of EVFTA was officially announced to be concluded, and its official full text was published on February 1st, 2016. On 26 June 2018, EVFTA was divided into two Agreements in terms of trade and investment. At the same time, the legal review of Investment Protection Agreement (IPA) and EVFTA’s final text was formally concluded.
Both Agreements were signed on 30 June 2019. EVFTA and EVIPA were ratified by the European Parliament on February 12, 2020, and approved by the Vietnamese National Assembly on June 8, 2020.
For EVFTA, after ratification, this Agreement has came into force on August 1, 2020. For EVIPA, on the EU side, the Agreement will still need to be further ratified by the Parliament of all 27 EU member states (after the UK completes Brexit) to take effect.
Full Text of EU – Viet Nam Trade Agreement
Chapter 1: Objective and General Definitions
Chapter 2: National Treatment and Market Access for Goods
Annex 2-A: Reduction or Elimination of Customs Duties
Appendix 2-A-1: Tariff Schedule of the Union
Appendix 2-A-2: Tariff Schedule of Vietnam
Appendix 2-A-3: Exports Duties Schedule of Vietnam
Appendix 2-A-4: Specific Measures by Vietnam Governing the Importation and Exportation of Goods
Appendix 2-A-5: Goods Excluded from the Definition of Remanufactured Goods
Annex 2-B: Motor Vehicles and Motor Vehicles Parts and Equipment
Annex 2-C: Pharmaceutical/Medical Products and Medical Devices
Chapter 4: Customs and Trade Facilitation
Chapter 5: Technical Barriers to Trade
Chapter 6: Sanitary and Phytosanitary Measures
Annex 6: Requirements and Procedures for Approval of Establishments for Products
Chapter 7: Non-Tariff Barriers to Trade and Investment in Renewable Energy Generation
Annex 7: List of Tariff Headings
Chapter 8: Liberalisation of Investment, Trade in Services and Electronic Commerce
Annex 8-A: The Union’s Schedule of Specific Commitments
Annex 8-B: Vietnam's Schedule of Specific Commitments
Annex 8-C: Exemption for Vietnam on National Treatment
Chapter 9: Government Procurement
Annex 9-A: Coverage of Government Procurement for the Union
Annex 9-B: Coverage of Government Procurement for Vietnam
Chapter 10: Competition Policy
Chapter 12: Intellectual Property
Chapter 13: Trade and Sustainable Development
Chapter 15: Dispute Settlement
Annex 15-A: Rules of Procedure
Annex 15-B: Code of Conduct for Arbitrators and Mediators
Annex 15-C: Mediation Mechanism
Chapter 16: Cooperation and Capacity Building
Chapter 17: Institutional, General and Final Provisions
Protocol 2: On Mutual Administrative Assistance in Customs Matters
Understanding Concerning Specific Commitments on Distribution Services for Wines and Spirits
Chapter 1: Objectives and General Definitions
Chapter 2: Investment Protection
Chapter 4: Institutional, General and Final Provisions
Annex 1: Competent Authorities
Annex 2: Exemption for Vietnam on National Treatment
Annex 3: Understanding on Treatment of Investment
Annex 4: Understanding on Expropriation
Annex 6: List of Investment Agreements
Annex 8: Code of Conduct for Arbitrators and Mediators
Annex 10: Mediation Mechanism for Disputes between Investors and Parties
Annex 11: Code of Conduct for Members of the Tribunal, the Appeal Tribunal and Mediators
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