Posted on 06/30/2019 12:50:39 PM PDT by Olog-hai
Vietnam and the European Union signed a free trade agreement on Sunday, opening opportunities to further boost trade between the euro bloc and one of Southeast Asia’s biggest manufacturing nations.
The agreement, which was signed by European Commissioner for Trade Cecilia Malmstrom and Vietnamese Trade Minister Tran Tuan Anh in Hanoi, Vietnam’s capital, will eliminate almost all tariffs for goods traded between Vietnam and the EU’s 28 member countries.
“It is a special day for relations between the EU and Vietnam. The agreement has opened a new horizon for the development of both sides,” Vietnamese Prime Minister Nguyen Xuan Phuc said after he witnessed the signing.
Once the deal takes effect, the EU will lift 85% of its tariffs on Vietnamese goods, gradually cutting the rest over the following seven years.
Meanwhile, Vietnam will lift 49% of its import duties on EU exports when the agreement is started. The rest will be phased out over 10 years. …
(Excerpt) Read more at apnews.com ...
Sounds like extra incidental pressure on China to cut a deal with Trump.
Meanwhile, the in trade talks EU continues to tell the UK “bend the knee of suffer”.
Maybe Vietnam should rename itself French Indochina?
Oh that’s funny.
“I’d rather smell French shit for five years, than Chinese shit for a thousand years” - Ho Chi Minh
Just posting this as a reference, if you want to believe that, or not.
Seems to be a pretty popular quote, but they’re not 100% sure of its accuracy.
Also not sure, if it’s wrong. :D
https://en.wikiquote.org/wiki/Talk:Ho_Chi_Minh
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