ĐỐI TÁC PHÁT TRIỂN NÔNG NGHIỆP BỀN VỮNG VIỆT NAM (PSAV)

ENG VI

FREE TRADE AGREEMENT BETWEEN THE SOCIALIST REPUBLIC OF VIET NAM AND EUROPEAN UNION (EVFTA)

15/ 03/ 2022

Introduction

EU-Vietnam Free Trade Agreement (EVFTA) is a new generation FTA between Vietnam and 28 European Union member states. EVFTA and Trans-Pacific Partnership (TPP) are two of the largest new generation free trade agreements that Vietnam's largest ever negotiated.

On December 1st, 2015, the negotiation rounds of EVFTA was officially announced to be concluded, and its official full text was published on February 1st, 2016. On 26 June 2018, EVFTA was divided into two Agreements in terms of trade and investment. At the same time, the legal review of Investment Protection Agreement (IPA) and EVFTA’s final text was formally concluded.

Both Agreements were signed on 30 June 2019. EVFTA and EVIPA were ratified by the European Parliament on February 12, 2020, and approved by the Vietnamese National Assembly on June 8, 2020.

For EVFTA, after ratification, this Agreement has came into force on August 1, 2020. For EVIPA, on the EU side, the Agreement will still need to be further ratified by the Parliament of all 27 EU member states (after the UK completes Brexit) to take effect.

Agreement text

Full Text of EU – Viet Nam Trade Agreement

Preamble

Chapter 1: Objective and General Definitions

Chapter 2: National Treatment and Market Access for Goods

Annex 2-A: Reduction or Elimination of Customs Duties

Appendix 2-A-1: Tariff Schedule of the Union

Appendix 2-A-2: Tariff Schedule of Vietnam

Appendix 2-A-3: Exports Duties Schedule of Vietnam

Appendix 2-A-4: Specific Measures by Vietnam Governing the Importation and Exportation of Goods

Appendix 2-A-5: Goods Excluded from the Definition of Remanufactured Goods

Annex 2-B: Motor Vehicles and Motor Vehicles Parts and Equipment

Annex 2-C: Pharmaceutical/Medical Products and Medical Devices

Chapter 3: Trade Remedies

Chapter 4: Customs and Trade Facilitation

Chapter 5: Technical Barriers to Trade

Chapter 6: Sanitary and Phytosanitary Measures

Annex 6: Requirements and Procedures for Approval of Establishments for Products

Chapter 7: Non-Tariff Barriers to Trade and Investment in Renewable Energy Generation

Annex 7: List of Tariff Headings

Chapter 8: Liberalisation of Investment, Trade in Services and Electronic Commerce

Annex 8-A: The Union’s Schedule of Specific Commitments

Annex 8-B: Vietnam's Schedule of Specific Commitments

Annex 8-C: Exemption for Vietnam on National Treatment

Chapter 9: Government Procurement

Annex 9-A: Coverage of Government Procurement for the Union

Annex 9-B: Coverage of Government Procurement for Vietnam

Chapter 10: Competition Policy

Chapter 11: State-Owned Enterprises, Enterprises Granted Special Rights or Privileges, and Designated Monopolies

Annex 11: Specific Rules for Vietnam on State-Owned Enterprises, Enterprises Granted Special Rights or Privileges, and Designated Monopolies

Chapter 12: Intellectual Property

Annex 12-A

Chapter 13: Trade and Sustainable Development

Chapter 14: Transparency

Chapter 15: Dispute Settlement

Annex 15-A: Rules of Procedure

Annex 15-B: Code of Conduct for Arbitrators and Mediators

Annex 15-C: Mediation Mechanism

Chapter 16: Cooperation and Capacity Building

Chapter 17: Institutional, General and Final Provisions

Protocol 1: Concerning the Definition of the Concept of "Originating Products" and Methods of Administrative Cooperation, and its Annexes

Protocol 2: On Mutual Administrative Assistance in Customs Matters

Understanding Concerning Specific Commitments on Distribution Services for Wines and Spirits

Understanding Concerning Bank Equity

Joint Declaration

EU Vietnam Investmement protection Agreement (EVIPA)

Preamble

Chapter 1: Objectives and General Definitions

Chapter 2: Investment Protection

Chapter 3: Dispute Settlement

Chapter 4: Institutional, General and Final Provisions

Annex 1: Competent Authorities

Annex 2: Exemption for Vietnam on National Treatment

Annex 3: Understanding on Treatment of Investment

Annex 4: Understanding on Expropriation

Annex 5: Public Debt

Annex 6: List of Investment Agreements

Annex 7: Rules of Procedure

Annex 8: Code of Conduct for Arbitrators and Mediators

Annex 9: Mediation Mechanism

Annex 10: Mediation Mechanism for Disputes between Investors and Parties

Annex 11: Code of Conduct for Members of the Tribunal, the Appeal Tribunal and Mediators

Annex 12: Concurring Proceedings

Annex 13: Working Procedures for the Appeal Tribunal