The National Assembly Officially Ratifies the EVFTA Agreement

Lê Hải

15:11, 10/07/2024

On June 08, 2020, the National Assembly passed Resolution 102/2020/QH14 approving the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union.

The National Assembly officially ratified the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union signed on June 30, 2019, in Hanoi, Vietnam (EVFTA Agreement).

The effective application timeline for the provisions of this Agreement is specified as follows:

- Clauses 1 and 2 of Article 4 and Article 9 of Appendix 2-B on Motor Vehicles and their parts, equipment: 3 years after the Agreement takes effect;- Clause 3 of Article 4 of Appendix 2-B on Motor Vehicles and their parts, equipment: 5 years after the Agreement takes effect;- Article 2 of Appendix 2-B on Motor Vehicles and their parts, equipment: No more than 3 years after the Agreement takes effect;- Article 4.11 of Chapter 4 on Customs and Trade Facilitation: When the Agreement takes effect;- Chapter 8 on Investment Liberalization, Trade in Services, and E-Commerce; and specific commitments in the Appendices of Chapter 8: When the Agreement takes effect;- …

For details, see Resolution 102/2020/QH14 passed on June 8, 2020.

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