Vietnam ratifies EU free trade agreement

The National Assembly has ratified the EU-Vietnam Free Trade Agreement, which will cut or eliminate 99 percent of tariffs on goods traded between the two sides.

The legislature on Monday also approved the EU-Vietnam Investment Protection Agreement. Up to 94.62 percent of lawmakers voted in favor of the EVFTA and 95.65 percent approved the EVIPA.

Both agreements will possibly take effect in July.

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Anh Minh