Invited by Vietnam Investment Review, our team in Vietnam authors an article about EVFTA and Vietnam's IP legal system.
The EU-Vietnam Free Trade Agreement (EVFTA) officially entered into force in August. From day one, the EVFTA has started to phase out almost 99 per cent of tariff lines and barriers to trade between Vietnam and the EU. This should result in €15 billion ($17.5 billion) a year in additional exports from Vietnam to the EU by 2035, while EU exports to Vietnam would expand by €8.3 billion ($9.68 billion) annually.
Further reading: https://rouse.com/insights/news/2020/vietnam-improving-ip-protections-to-attract-fresh-eu-investment
- Publication date
- 2 March 2021