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EVFTA helps boost Viet Nam’s integration

VGP – PM Nguyen Tan Dung and EC President Manuel Barroso have agreed that the conclusion of the Viet Nam-EU Free Trade Agreement (EVFTA) will give a strong boost to Viet Nam's integration into the global economy.

The agreement was made during their talks in Brussels on October 13.
PM Dung said that the Partnership and Cooperation Agreement (PCA) and the EVFTA will be important political and economic pillars for the advancement of the relations between Viet Nam and the EU.

Meanwhile, President Manuel Barroso highly valued Viet Nam’s socio-economic achievements, affirming that the EC and its members will coordinate closely to accelerate bilateral ties.

He also spoke higly of Viet Nam’s contributions to the region, pledging to support the central role of ASEAN in the emerging regional security architecture.

Both sides agreed to beef up the exchange of contacts and delegations at all levels, encourage their businesses to invest in each other’s market, and expand cooperation in economy, trade, education and training, human resource development, environmental protection, climate change adaptation among others.

Exchanging views on regional and international issues of common concern, both PM Dung and President Barroso underlined the necessity of ensuring security, safety and freedom of navigation and aviation in the East Sea.

The EC President restated the EU’s stance of advocating the settlement of disputes through peaceful measures, on the basis of international law, especially the 1982 UN Convention on the Law of the Sea.

The EU called on relevant parties to avoid unilateral actions that threaten peace and stability in the region; fully observe the Declaration on the Conduct of Parties in the East Sea (DOC), and work towards early conclusion of the Code of Conduct in the East Sea.

On the occasion, the EC committed to providing €400 million in assistance for Viet Nam for the 2014-2020 period./

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