Businesses prefer Vietnam-EU FTA over TPP
When comparing Vietnam’s commitments within the Vietnam-EU free trade agreement and the Trans Pacific Partnership Agreement, businesses see bigger benefits in EVFTA, especially in government procurement. Tran Quoc Khanh, Deputy Minister of Industry and Trade, said it was not the initial intention of Vietnam to apply discriminatory treatment to imports from the EU and from TPP member countries. However, he said, the principle for all negotiations is “you scratch my back and I’ll scratch yours’. As the EU offers attractive things to Vietnam, in return, Vietnam also accepted to give preferences to the EU.
