Tin mới
PM witnesses VN-KoK trade agreement signing (06/5)
06/05/2015 - 15 Lượt xem
After over two years of negotiations, Viet Nam and the RoK concluded the pact.
The pact, comprising 17 chapters, 208 articles, 15 appendixes and an agreement on commitment delivery, is the first bilateral FTA Viet Nam has officially signed in 2015.
It is expected to bring positive
results to Viet Nam, including improving the business environment,
social resources allocation and utilization, contributing to enhancing
economic restructure and realizing sustainable development targets.
Viet Nam’s exports will have further opportunities in new markets thanks to the RoK’s strong commitments to opening markets.
An open and transparent legal
environment will encourage further investments from the RoK in Viet Nam,
as well as high-tech, advanced management and opportunities to access
third markets.
The two sides agreed on realizing
commitments in economic cooperation, in which the RoK will support Viet
Nam to enhance policy construction and implementation, improve
competitiveness for Viet Nam in fields of the RoK’s strengths.
The pact is also expected to create
more jobs for Vietnamese workers and raise the incomes, particularly for
non-skilled workers, contributing to hunger eradication and poverty
reduction in rural areas.
The FTA is a practical step to
realize the country’s active integration strategy, boost the economic
restructure and speed up industrialization and modernization while
advancing stable, long-term Viet Nam-RoK strategic partnership,
contributing to maintaining and consolidating the peaceful and stable
environment in the region.
After the signing, the two countries will conduct ratification procedures in line with each country’s legal regulations.
As agreed, the pact will be
effective from the first day of the second month from the day both sides
inform each other in writing through diplomatic channels about the
completion of their internal procedures or from a date which are agreed
by both sides.
Source: Chinhphu.vn
Source: Chinhphu.vn
