Altios gives its highlights on the opportunities the EVTA is bringing to the Southeast Asian Region.
Signed on 8 June 2020 and effective since August, the EU-Vietnam Trade Agreement (EVTA) makes Vietnam the second Southeast Asian Nation after Singapore, to have such a trade agreement with the European bloc.
Business opportunities look optimistic for both the EU and Vietnam, with a good percentage of goods exported from both parties to be duty-free. This is especially attractive for multinational manufacturers outside the EU, with manufacturing imports from Vietnam to the EU expected to increase.
Companies looking to expand into Southeast Asia would be met with a nurturing trade environment, despite the ongoing disruption that the Coronavirus pandemic has brought upon International trade.
Access the full article here as reported by the Financial Times.