Legal documents for UKVFTA implementation to be released

Illustrative image (Source: VNA)

The Ministry of Industry and Trade (MoIT) will finalise and issue a number of legal documents needed for the implementation of the UK-Vietnam Free Trade Agreement (UKVFTA) in 2021.

Under a plan approved recently by Minister Nguyen Hong Dien, the minisry will build particular market development programmes for Vietnamese products with strength and potential for export to the UK, while providing guidelines and support to enterprises so they clearly understand the methods of approach and make the best use of advantages brought about by the deal.

The ministry will continue increasing online trade promotions, which have been applied effectively for the realisation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), thus presenting more opportunities for Vietnamese firms to engage deeply in production and value chains involving UK businesses and expanding their links regionally and globally.

It will also speed up the building, amendment, and issuance of legal documents relating to the implementation of commitments within the UKVFTA with a suitable roadmap.

Training courses will be organised and publications released introducing and analysing the deal, while help will be given to businesses and organisations to participate in large-scale trade promotions in the UK and such promotions will be increased through e-commerce platforms. The origin tracing app will be maintained to serve exporters.

At the same time, the MoIT will deal with all matters arising during the implementation of the deal, according to the plan./.