09/04/2015 09:35 GMT+7 Email Print Like 0

European Parliament assesses Vietnam’s readiness for FTA

Hanoi, April 8 (VNA) – The European Parliament has assessed Vietnam’s level of readiness to sign a free trade agreement (FTA) with the European Union (EU), Chairman of the European Parliament’s International Trade Committee Bernd Lange told a press conference in Hanoi on April 8.

As a continuous process that requires efforts of both sides, the FTA talks between Vietnam and the European Union is now in the final stage and will last through this June, he said, noting that the 12th negotiation round, the latest one, concluded this March.

Vietnam and the EU started FTA talks in June 2012, with the latter being the second largest trade partner of Vietnam.

The Southeast Asian country, meanwhile, is the 32nd largest trade partner of the bloc with garment as the most competitive export item.

While in Vietnam from April 6-9, the European Parliament delegation will hold a working session with Chairman of the Ho Chi Minh City People’s Committee and tour two factories, including an European automobile assembly line.