Legal documents for UKVFTA implementation to be released
The Ministry of Industry and Trade (MoIT) will finalise and issue a
number of legal documents needed for the implementation of the UK-Vietnam Free
Trade Agreement (UKVFTA) in 2021.
Under a plan approved
recently by Minister Nguyen Hong Dien, the minisry will
build particular market development programmes for
Vietnamese products with
strength and potential for export to
the UK, while providing guidelines and support
to enterprises so they clearly understand the methods of approach and make the best use of advantages brought about by the deal.
The ministry
will continue increasing online trade promotions, which have been applied
effectively for the realisation of the Comprehensive and Progressive Agreement
for Trans-Pacific Partnership (
CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA),
thus presenting more opportunities for Vietnamese firms to engage deeply in
production and value chains involving UK businesses and expanding their links regionally
and globally.
It will also speed
up the building, amendment, and issuance of legal documents relating to the
implementation of commitments within the UKVFTA with a suitable roadmap.
Training courses will be organised and publications released introducing and
analysing the deal, while help will be given to businesses and organisations to
participate in large-scale trade promotions in the UK and such promotions will be increased
through e-commerce platforms. The origin tracing app will be maintained to
serve exporters.
At the same time, the MoIT will deal with all matters
arising during the implementation of the deal, according to the plan./.
Source: Vietnamplus