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.