Guide to the EU-Vietnam free trade agreement

1 Guide TO THE. EU-Vietnam . trade AND INVESTMENT. AGREEMENTS. CONTENT. INTRODUCTION 4 Rules of Origin 38. List of Acronyms 4 Technical Barriers to trade 40. Foreword by Commissioner Malmstr m 6 Sanitary and Phytosanitary Measures 42. Foreword by Ambassador Mr. Bruno Angelet 7 Intellectual Property Rights 44. Introduction to the Guide 8 Geographical Indications 48. Services, Investment Liberalisation and E-commerce 50. PART I: EU-Vietnam trade AND INVESTMENT RELATIONS 10 Government Procurement 54. Bilateral trade Relations 12 Sustainable Development 58. Bilateral Investment 18 Renewable Energies 60. Overview of vietnam 's Free trade Agreements 20 Antitrust, Mergers, State-Owned Enterprises, Subsidies 62.

2 trade Remedies 64. PART II: EU- vietnam FREE trade agreement 22 Dispute Settlement 65. Introduction to the Free trade agreement 24. trade in Goods 26 PART III: EU-Vietnam INVESTMENT PROTECTION. 66. agreement . Cars 30. Investment Protection Standards 68. pharmaceutical Products 32. Investment Dispute Settlement 70. Alcoholic Beverages 34. Customs and trade Facilitation 36. PART IV: USEFUL INFORMATION AND PRACTICAL TOOLS 72. LIST OF IMDRF. IPA. International Medical Device Regulators Forum ACRONYMS. Investment Protection agreement IPPC International Plant Protection Convention IPR Intellectual Property Rights ISO International Organization for Standardization ISP Intermediary Service Providers ITU International Telecommunication Union ASEAN Association of Southeast Asian Nations MEA Multilateral Environmental agreement BIT Bilateral Investment Treaty MFN Most Favoured Nation BSE Bovine Spongiform Encephalopathy OECD Organisation for Economic Co-operation and Development CBD UN Convention on Biological Diversity OIE World Organisation for Animal Health CITES UN Convention on International trade in Endangered Species PCA

3 Partnership and Cooperation agreement CPTPP Comprehensive and Progressive agreement on Trans-Pacific Partnership pharmaceutical Inspection Convention and pharmaceutical Inspection PIC/S. Co-operation Scheme CSR corporate social responsibility PSR Product Specific Rules CTH Change of Tariff Heading REX Registered Exporter DAG Domestic Advisory Group RoO Rules of Origin EFSA European Food Safety Authority SDR Standard Drawing Rights ENT Economic Needs Test SME Small and Medium-sized Enterprises EU European Union SOE State-Owned Enterprise FDI Foreign Direct Investment SPS Sanitary and Phytosanitary FTA Free trade agreement TBT Technical Barriers to trade GATS General agreement on trade in Services TL Tariff Lines GI Geographical Indication UNCITRAL United Nations Commission on International trade Law GPA Government

4 Procurement agreement UNECE United Nations Economic Commission for Europe GSO General Statistics Office of vietnam UNFCCC UN Framework Convention on Climate Change GSP Generalised Scheme of Preferences UPOV International Convention for the Protection of New Varieties of Plants Conference on Harmonisation of Technical Requirements for Registration of ICH. Pharmaceuticals for Human Use WHO World Health Organization IEC International Electrotechnical Commission WIPO World Intellectual Property Organisation ILO International Labour Organization WTO World trade Organization 4 5. FOREWORD BY FOREWORD BY. Ms. CECILIA MALMSTR M Mr. BRUNO ANGELET.

5 EU COMMISSIONER FOR trade AMBASSADOR - HEAD OF. DELEGATION OF THE. EUROPEAN UNION TO vietnam . The European Union (EU) and vietnam having put vietnam in the same league as, for instance, South The EU - vietnam Free trade agreement marks a The trade agreement seeks to deepen vietnam 's completed trade and investment negotiations is good Korea, Japan and Singapore, who have concluded trade milestone in our strong and fruitful relationship that economic integration, facilitate trade liberalisation news the kind of thing we both need to ensure agreements with the EU. EU Member States and vietnam have enjoyed for and improve the legal framework for enforcement sustainable economic growth for our countries and the past three decades.

6 During this time vietnam of standards at both domestic and international good, stable jobs for our people. It will create new opportunities for growth and has experienced remarkable economic growth. As level. By taking the advantage of EU's expertise and development on both sides for example, by making the skyline of cities and provinces has transformed, technological innovation, vietnam has the opportunity The EU-Vietnam trade and investment agreements are cuts in customs duties which will come into force vietnam continues to demonstrate its global to further the advancement and diversification of its the most ambitious and comprehensive ones that the quickly.

7 While protecting those sectors which are ambition by embracing sustainability and Industrial economy while improving competitiveness of domestic EU has ever concluded with a middle-income country. especially sensitive. Revolution businesses. As such, they set a new benchmark for Europe's engagement with emerging economies. They also The investment protection agreement (IPA) that represent a great opportunity for European exporters accompanies the FTA will help promote high-quality The EU continues to play a pivotal role in vietnam 's This presents a win-win relationship for both vietnam and investors. vietnam has a vibrant economy of more investment between vietnam and the EU.

8 The EU's development. The EU has been vietnam 's major donor and the EU. The trade agreement , together with the than 90 million consumers, a growing middle class updated approach to investment protection strikes in grants with over 5 billion over the last decade and Partnership and Cooperation agreement (PCA) that and a young, dynamic workforce. It is a market with a better balance between boosting job-creating is today vietnam 's biggest non-Asian investor (ranking entered into force in 2016, consolidates existing areas great potential for the EU's agricultural, industrial and investment and protecting governments' right to fifth of total cumulative investment).

9 The EU is vietnam 's of cooperation and engagement, and deepens and services exports. pursue policies in the public interest. fourth largest trading partner after China, South Korea, diversifies our relations further in areas of mutual interest. and the US, and the second biggest export market for Our aim is that, through the trade and investment vietnam is also one of the fastest growing countries of Moreover, the agreements will promote sustainable vietnam after the US. Since 2015 vietnam has been agreements, we can encourage more European firms the Association of Southeast Asian Nations (ASEAN), development on both sides and include strong the EU's second biggest trade partner among the 10 to be present in vietnam , and promote better access averaging a GDP growth rate of around 6% for the past commitments to protect people's basic rights at work, ASEAN countries (after Singapore) and, amongst them, for Vietnamese businesses to the European market.

10 As two decades and projected to maintain this growth rate their human rights more broadly, and the environment. the largest exporter of goods to the EU. vietnam turns into a middle-income country, we share a in the coming years. trade -wise, vietnam has climbed And it will support vietnam 's efforts to grow and common agenda to stimulate growth and employment, to become the EU's second biggest trading partner in develop its economy for the benefit of its people. The significance of our mutually beneficial relations is improve competitiveness, further fight against poverty ASEAN after Singapore and ahead of Malaysia, with clear. Bilateral trade has not only established a strong and consolidate reform.