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EU, Vietnam Eye Early Conclusion of Free Trade Agreement

Posted October 14, 2014

Under Economic Issues, International Trade Issues

(Xinhua)

European Commission President Jose Manuel Barroso and visiting Vietnamese Prime Minister Nguyen Tang Dung on Monday reaffirmed the importance of an early conclusion of a free trade agreement between the two sides.

According to a joint statement after the two leaders met at the European Commission, the two sides treated the agreement, to be concluded in 2015, as “a key instrument to further deepen the bilateral comprehensive partnership and strengthen the flourishing trade and investment relations on the basis of mutual benefits.”

The EU and Vietnam intend this agreement to be a modern, comprehensive and balanced agreement that supports the two sides’ economies in “meeting today’s and future challenges, and an essential building block in strengthening the relationship between Europe and South East Asia,” said the statement. Read more here.