Vietnam’s Year of Free Trade

... Agreement (EVFTA). For Vietnam, this document will be a sound ending to a Free Trade Year of sorts: in 2015, similar agreements were signed with the Eurasian Economic Union (EEU) and South Korea not to mention the Trans-Pacific Partnership Agreement (TPP). Observers are disputing the potential benefits of this binge signing of free trade agreements, but there is little doubt that this strategy is a product certain economic and political logic. European officials call the concluded EVFTA unprecedented in scope and scale for a developing country. Tariff barriers will be reduced or lifted for 99 percent of the lines. For Europe, the most important of these include machinery and equipment, vehicles, auto parts, and some agricultural ...