Estimated Tariff Savings from the Trade Agreement between the EU and Vietnam − EVFTA

The European Union (EU) and the Socialist Republic of Vietnam signed the European Union – Vietnam Free Trade Agreement (EVFTA) in December 2015. Subject to ratification, the agreement is expected to enter into force in 2018. Before, Vietnam already benefitted from preferential access to the EU market though the General System of Preferences (GSP), which the EU grants to developing countries.

This publication estimates the potential tariff savings for EU importing companies upon entry into force of the EU-Vietnam Free Trade Agreement. It is one of the outputs of the regional project Core Labour Standards Plus (CLS+), which was launched by Friedrich-Ebert-Stiftung Asia in 2016. The project aims to promote and develop binding labour standards in trade and global value chains.