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National Assembly to ratify EVFTA at upcoming session

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05:57 | 04/04/2020

The National Assembly’s Standing Committee has said it will consider the European-Vietnam free trade agreement (EVFTA) at its 44th session slated for mid-April and submit it to the upcoming plenary session of the National Assembly for ratification.

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NA Chairwoman Nguyen Thi Kim Ngan met European Parliament President Antonio Tajani during her April 2019 visit

The Standing Committee requested on April 1 that the Prime Minister instruct relevant ministries and agencies to work closely with the State President’s Office and National Assembly bodies to finalise necessary documents concerning the EVFTA to be submitted to the committee for consideration.

According to the committee, Vietnamese Party, State and National Assembly have affirmed strong determination to ratify the trade pact at an earliest possible time.

During a working visit to Europe in March 2019, NA Chairwoman Nguyen Thi Kim Ngan assured her European parliament leaders that Vietnam creates the best possible conditions for foreign investment and business activities in the country. She also expressed hope that the European-Vietnam free trade agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA) would be ratified very soon for the sake of strategic interests of both sides.

The European Parliament voted for the two pacts at its plenary session on February 12. The European Council on March 30 signed a decision ratifying the EVFTA, paving the way for the agreement to come into force.

The EVFTA will take effect after it is ratified by the Vietnam National Assembly and 30 days after the two sides complete the procedures to notify each other./.

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