FREE TRADE AGREEMENT BETWEEN VIETNAM AND UK (UKVFTA)

15/ 03/ 2022

Introduction

The Vietnam - UK Free Trade Agreement (UKVFTA) was officially completed on December 11, 2020 and signed on December 29, 2020. The Agreement was negotiated based on the principle of inheriting commitments in the EU-Vietnam Free Trade Agreement (EVFTA) with the necessary adjustments to ensure compliance with the bilateral trade framework between Vietnam and UK.

Accordingly, the Agreement includes 9 articles; 01 Annex amending some of the EVFTA text; 01 Protocol and 01 bilateral letter exchanged between Vietnam and UK. Basically, the contents of the UKVFTA are similar to that of the EVFTA, including: trade in goods (including general regulations and market access commitments), rules of origin, customs and trade facilitation, Sanitary and Phytosanitary measures (SPS), technical barriers to trade (TBT), trade in services (including general regulations and market access commitments), investment, trade remedies, competition, SOE, government procurement, intellectual property, trade and sustainable development, cooperation and capacity building, and legal and processing.

The Agreement comes into effect on December 31, 2020.

Agreement text

UK-Vietnam Free Trade Agreement (UKVFTA)

Content of the Agreement

Annex Modifying the Incorporation of the EVFTA into This Agreement

Appendix I: Bilateral Letter

Protocol I: The definition of the concept of "originating products" and methods for administrative cooperation

Annex I to Protocol I: Introductory notes to Annex II (List of Required working or processing)

Annex II to Protocol I: List of Required working or processing

Annex III to Protocol I: Materials referred to in Paragraph 6 of Article 3 (Cumulation of Origin)

Annex IV to Protocol I: Products referred to in Paragraph 6 of Article 3 (Cumulation of Origin)

Annex V to Protocol I: Products referred to in Paragraph 11 of Article 3 (Cumulation of Origin)