Vietnam, Britain sign free trade deal, to take effect Dec 31 – English-BanglaNewsUs
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Vietnam, Britain sign free trade deal, to take effect Dec 31

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Published December 31, 2020
Vietnam, Britain sign free trade deal, to take effect Dec 31

Britain and Vietnam signed a free trade agreement on Tuesday, Vietnam’s trade ministry said, days before Britain completes its transition out of the European Union

 

The deal, which will for Britain replace the existing EU-Vietnam Free Trade Agreement (EVFTA), will take effect on Dec 31, the ministry said in a statement.

Trade between Vietnam and Britain has risen by an average of 12% a year over the past decade to reach $6.6 billion last year, and the deal will help boost Vietnam’s exports of garments, footwear products, rice, seafood and wooden furniture, it said.

Since leaving the EU in January, Britain has been striking out alone and negotiating new trade deals with countries to replace those the bloc had negotiated.

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