The Việt Nam-EFTA FTA is one of the longest-negotiated trade agreements in Việt Nam''s history, reflecting its broad and ambitious commitments across trade, investment and sustainable development.
The FTA would widen access to markets with strong demand for premium food products in line with the country’s strategy of shifting exports towards increasing added value.
The EFTA side highly appreciated Việt Nam’s efforts and its market access proposals, while reaffirming the bloc’s traditional strengths in promoting private investment and technology transfer.
The EFTA bloc, comprising Switzerland, Norway, Iceland, and Liechtenstein, has a relatively small population but a combined GDP of about €1.3 trillion (US$1.5 trillion), high living standards, and strong demand for high-quality products.
Vietnamese exporters are not making use of Foreign Trade Agreement (FTA)
opportunities as many of them do not know how to claim priority tariffs
from FTAs.
The mechanism on self-issue certificate of origin (C/O) for goods
exported to the EU and European Free Trade Association (EFTA) markets
would help Viet Nam''s export enterprises, said experts.
Negotiations on the Sanitary and Phytosanitary Systems (SPS) play a
pivotal role in promoting free trade between Viet Nam and the European
Free Trade Association (EFTA), which is also estimated to boost Viet
Nam''s exports in the EU.