Foreign countries hail European Parliament's ratification of EVFTA

Wednesday, 2020-02-19 14:00:47
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Foreign countries hail the EP's ratification of the EVFTA. (Photo: VNA)
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NDO – Representatives from many foreign countries have expressed their appreciation for the European Parliament (EP)’s ratification of the EU-Vietnam Free Trade Agreement (EVFTA).

Violetta Borsi, an expert from the Institute for Vietnamese Studies of Italy, has written an article on the EP’s approval of the EVFTA on the Mekong Online. She noted that the ratification was a decisive step in establishing and implementing a trade deal that was said to be “most progressive, modern and ambitious” between the EU and a middle-income country.

The expert also emphasised that the EVFTA is considered a model for more trade deals in the future between the EU and developing countries.

* Director of the Centre for Vietnam Studies in Turin, Italy, Sandra Scagliotti, said that the EP’s ratification of the EVFTA marked the beginning of a new era with important significance in trade relations between Vietnam and EU member states.

For Italian companies, EVFTA can be considered a mutually beneficial and comprehensive agreement that will bring about positive effects on long-term business and investment plans.

* Chairman of the Italy - Vietnam Chamber of Commerce Fulvio Albano stated that the bilateral trade relationship between the two countries has constantly developed in recent years.

In order to take advantage of opportunities from the EVFTA, the enterprises, especially those from Italy, should quickly grasp and join the Vietnamese market.

* The International Business Times cited a statement by Piotr Harasimowicz, Chief Representative Officer of the Polish Investment and Trade Agency in Ho Chi Minh City, that Vietnam is one of the most promising markets for Polish companies in Southeast Asia.

The EP’s ratification of the EVFTA can boost the trade between Poland and Vietnam, he added.

The Polish official also pointed out the potential areas for cooperation between the two countries, including software, information and technology, and heavy industries (such as mining, shipbuilding, machinery and equipment for agricultural production, and food processing).