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FREE TRADE AGREEMENT BETWEEN THE SOCIALIST REPUBLIC OF VIET NAM AND EUROPEAN UNION (EVFTA)

The chapter on Trade and Sustainable Development in the EVFTA Agreement includes 17 articles with main contents including: Biodiversity, Climate change, Forest resource management and forest product trade, Sustainable management of natural resources. marine biology and aquaculture products, Labor and Transparency, as follows:

Biodiversity

The Parties recognize that states' sovereignty over natural resources and the right to determine whether access to genetic resources remains with each Party's Government and subject to domestic laws. The Parties shall endeavor to facilitate access to genetic resources for the right purpose, however, access to genetic resources shall be subject to the prior notice of the Supplier, unless otherwise specified by that Party.

In addition, the two sides will strengthen cooperation and exchange of information on strategies, initiatives, policies, programs, action plans and awareness campaigns of consumers to prevent the disappearance. biodiversity and reduce biodiversity stress.

Climate Change

The Parties undertake to implement and cooperate to achieve the goals related to climate change specified in a number of international environmental agreements, including the United Nations Framework Convention on Climate Change. 1992, the Kyoto Protocol relating to the UNFCCC Convention and the Paris Agreement. The Parties shall cooperate in key areas including:

  1. developing, implementing and operating carbon pricing mechanisms,
  2. promoting domestic and international carbon markets through Mechanisms such as Emissions Trading and Reducing Emissions from Deforestation and Forest Degradation,
  3. enhanced energy savings, low emission technologies and renewable energy.

Sustainable forest resource management and trade in forest products

Promote trade in forest products from sustainably managed forests, exchange information on measures to promote consumption of timber and timber products.

Sustainable management of marine resources and aquaculture products

Commitment to comply with international conventions on the Law of the Sea, agreements on the conservation of marine biological resources. In particular, the two sides emphasized actively participating in the fight against illegal fishing, promoting the development of the aquaculture industry in a sustainable way based on economic, social and environmental aspects.

Labor

Commitment to continue and sustain efforts to ratify core conventions of the International Labor Organization (ILO) and to consider adopting other conventions classified as relevant in the ILO as current, taking into account domestic conditions. In addition, the Parties reaffirm their commitment to the effective implementation of domestic laws and regulations and ratified ILO Conventions.

Transparency

The Parties shall make public and transparent matters including: the formulation and enforcement of laws, measures related to environmental protection that may affect trade and investment; dialogue, exchange and sharing of information related to the development and implementation of strategies, policies and legal regulations on multilateral agreements on environment, climate change and biodiversity , forestry, fisheries and marine resources; and ensuring the appropriate use of scientific information and evidence, international guidelines and standards in the development and implementation of environmental protection measures.