US President Joe Biden has announced a new economic framework deal for Asia-Pacific designed to boost investment in clean energy infrastructure, drive decarbonisation efforts and strengthen regional supply chains.
Vietnam and Switzerland have agreed to soon conclude negotiations on a free trade agreement (FTA) between Vietnam and the European Free Trade Association (EFTA), of which Switzerland is a member.
From Vietnam’s perspective, participation in RCEP brings both pros and cons. While the prospect of increasing exports, there are concerns over how the agreement will affect the domestic market.
Negotiations on a free trade agreement between Vietnam and Israel are in the final stage which will create a new breakthrough for bilateral ties. The Israeli side is urging agencies concerned to complete the talks this year and look to sign the deal next year.
The talks on further progress on the proposed Preferential Trade Agreement (PTA) between Pakistan and Vietnam are likely to take place in the middle of November this year, a diplomat said.
Vietnam is taking final steps and scheduled to complete the ratification of the Regional Comprehensive Economic Partnership (RCEP) by November this year.
The EU Domestic Advisory Group set up under the EU-Vietnam Free Trade Agreement received a concerning report of the arrest in Hanoi of two prominent civil society activists.