EU-Vietnam free trade deal to remove over 99% of tariffs on goods
Brussels
THE European Union (EU) and Vietnam on Tuesday announced a free trade deal that would remove nearly all tariffs that Brussels called a "milestone" on the way to a region-wide agreement with South-east Asia.
The EU said the agreement in principle followed two-and-a-half years of "intense" negotiations between the 28-nation EU and Vietnam, whose two-way trade has grown three-fold to 28 billion euros (S$42.3 billion) in the last 10 years.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
OECD upgrades global growth outlook as US outperforms
US official urges China, Russia to declare only humans, not AI, control nuclear weapons
Banking giants race to Riyadh as MBS steps up pressure campaign
Biden now calls ally Japan ‘xenophobic’ along with China, Russia
Japanese companies struggle with yen’s continued weakness
Australia’s March goods trade surplus narrows to more than 3-year low