Greek products offered great trade deal with Vietnam under new EU Agreement
Greece will enjoy a new trade arrangement with Vietnam which will see the removal of customs duties, non- tariff barriers and geographical indicator protections on the majority of its exported products, greekcitytimes.com reports.
The new trade arrangement comes following the European Parliament’s Committee on International Trade backed the free trade and investment protection agreements between the EU and Vietnam and gave its consent to the free trade agreement by 29 votes, six votes against and five abstentions and recommends that EP Plenary should do the same.
The agreement will remove virtually all tariffs between the two parties within ten years. It will protect emblematic European products, and allow Europe to access the Vietnamese public procurement market.
The agreement is also an instrument to protect the environment and promote social progress in Vietnam. The trade committee’s demands from Vietnam, include labour and human rights, as well as the mechanism ensuring the enforceability of the sustainability clauses, which was adopted by 29 votes for, nine against and two abstentions.
The principal elements of the trade deal are as follows:
Removal of customs duties: 65% of EU exports to Vietnam will be immediately duty-free, with the rest – including motorcycles, cars, pharmaceuticals, chemicals, wines, chicken and pork – gradually liberalised over ten years. 71% of Vietnamese exports to the EU will be duty-free on day one, with the rest catching up in seven years.
Duty-free Vietnamese exports of sensitive agricultural products, such as rice, garlic or eggs, will be limited;
Non-tariff barriers: will be eliminated in the automotive sector, export and import licensing, and customs procedures. Vietnam accepted the “Made in EU” marking, beyond national markings of origin, for non-agricultural products;
Geographical indications: 169 emblematic EU products such as Parmigiano Reggiano cheese, Champagne, or Rioja wine, will enjoy protection in Vietnam, as will 39 Vietnamese products in the EU;
Services: EU companies will have improved access to business, environmental, postal and courier, banking, insurance, and maritime transport services in Vietnam;
Public procurement: EU firms will be able to bid for contracts with Vietnamese ministries, state-owned enterprises, as well as with Hanoi and Ho Chi Minh City;
Sustainable development: there are legally-binding rules on climate, labour, and human rights. The agreement commits Vietnam to apply the Paris Agreement. Vietnam scheduled the ratification of two remaining bills on the abolition of forced labour and on freedom of association by 2020 and 2023, respectively. If there are human rights breaches, the trade deal can be suspended.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: pixabay.com
- 1) Greek-Canadian Diaspora to welcome Greek Prime Minister to Toronto
- 2) President of Hellenic Republic meets Prime Minister of Slovakia in Bratislava
- 3) The President of the Hellenic Republic to visit Slovakia on March 13-15
- 4) Visa Express for Turkish citizens to commence on five Greek islands in March
16/03 13:01
Greek Deputy Foreign Μinister meets her Slovenian counterpart in Athens
16/03 12:56
Greek-Canadian Diaspora to welcome Greek Prime Minister to Toronto
16/03 11:28
Greek Migration Minister visits refugee hosting facilities in Kavala, Drama and Serres
15/03 21:50
Greek Minister announces conference on defence ecosystem in Athens from Lithuania
15/03 13:45
PM: More than 80 hospitals and 156 health centres being upgraded in Greece
15/03 12:55
Piraeus Port and Genoa Chambers of Commerce ink memorandum of cooperation
14/03 23:43
President of Hellenic Republic meets Prime Minister of Slovakia in Bratislava
14/03 22:58
American Express report highlights Global Travel Trends during 2024
14/03 22:52
Four hospitals in Attica Region already organizing afternoon surgical procedures
14/03 22:49
US Ambassador to Athens: More flights from the United States to Greece and Thessaloniki
14/03 22:43
Greek archaeologists discover ten ancient shipwrecks off Aegean island of Kasos
14/03 19:32
No new intubations for Covid-19 recorded in Greece for the first time
14/03 18:36
Extra road safety measures adopted for Greek pre-lent carnival and Clean Monday
14/03 14:48
14/03 12:54
Electric buses to be deployed on the streets of Athens and Thessaloniki by May
13/03 22:23
13/03 20:11
Prices of basic lenten products either lower or equal to last year's in Greece
13/03 19:15
US Ambassador to Athens: Greece secures NATO readiness via Alexandroupolis
13/03 17:19
13/03 12:26
Greece shows new costumes for revamped Olympic Flame-lighting ceremony
12/03 22:46
Epirotes Society of Philadelphia ‘Omonia’ organized 16th Annual ‘Tsipourovradia’
12/03 21:38
The President of the Hellenic Republic to visit Slovakia on March 13-15
12/03 20:29
First afternoon surgeries in Greece kick off at Papageorgiou Hospital in Thessaloniki
11/03 23:58
Greek Foreign Minister: We stand behind Montenegro's European perspective
11/03 23:47
Visa Express for Turkish citizens to commence on five Greek islands in March
11/03 19:40
11/03 18:49
Microsoft Data Center construction kicks off in Spata next to Athens Airport
11/03 17:53
Dodecanese Federation marked 76th Anniversary of Unification with Greece
09/03 22:23
08/03 14:27
Prime Minister: Radical change in Greek education and a brave reform for growth
08/03 14:24
Traffic restrictions expected in Athens mid-morning to evening on Friday due to protests
08/03 14:24
Applications to out-of-court settlement more than doubled in Greece in February
08/03 13:18
Metro station 'Maniatika' near Piraeus Port to be closed on Saturday and Sunday
07/03 14:12
Athens wins World Travel Award 2024 as the top city-break destination in Europe
06/03 22:51
WTTC data show Greece and Portugal lead league for growth in tourist arrivals
06/03 20:28
Greek Tourism Minister at ITB: 2024 will be another excellent year for sector
06/03 19:47
Greek Foreign Minister to meet UAE Minister of Industry and Technology on Friday
06/03 18:43
European Union actions of 274m euros to support cultural heritage in Greece
06/03 16:37
'Odontotos' rack railway temporarily stopped until landslides issue is resolved
06/03 14:40
Minister: Bringing about the return of Greeks abroad 'a moral duty'
05/03 14:28
Archdiocese of America Eparchial Synod to meet on March 14-17 in Florida
05/03 14:21
05/03 14:11
ITB BERLIN 2024 opens with excellent bookings after global rise in travel in 2023
05/03 12:24
Greek PM at Athens supermarket: Consumers 'can already see lower prices on the shelf'
04/03 22:02
Greek Health Minister: Afternoon surgeries at state hospitals to begin shortly
04/03 21:47
Holy Cross Greek Orthodox Whitestone Community marks 49th Anniversary
04/03 20:27
Labor chief: Greece to train 500,000 workers in digital, green skills by 2025
04/03 19:44
Foreign Ministry to organize event on 'Women, Peace, and Security' on Friday
04/03 15:12
Athens Riviera | The summer experience with Athens as a background
29/02 22:54
Consumers to see price cuts up to 18.1% in 3,000 Greek supermarket products as of Friday
29/02 21:44
Greece and Germany set up Working Group on shipping cooperation
29/02 21:30
Wyndham Rewards’ Member Month offers 5 weeks of deals, discounts, and bonus points
29/02 21:03
Temple of Poseidon at Sounion near Athens to get new lighting system
29/02 21:02
29/02 20:47
Greece is represented by 60 firms at GULFOOD 2024 exhibition
29/02 19:58
Greek government gives 1+1 month extension for cash register-integrated POS terminals
29/02 19:49
Archangel Michael Church Dance Program shines at Folk Dance Festival in SF
29/02 15:39
'Renovate-rent' programme to be launched, Minister tells Greek Parliament
29/02 12:39
Rio-Antirrio ferry line in central Greece closed due to strong winds
28/02 21:34
Weather with heavy rain and storms in Greece as of Sunday night
28/02 17:31
CEO: The goal is for PPC to become a leading player in Southeast Europe
28/02 17:04
New Wyndham Hotels Market Managing Director of Central and Eastern Europe
28/02 12:21
Minister: Transactions with the Greek State will be further simplified in 2024
28/02 11:57
27/02 17:25
UN Tourism hails Saudi Arabia's historic milestone of 100 million tourists
27/02 15:00
Greek Prime Minister: Relations with Armenia can become even more productive
27/02 14:26
Wyndham: New growth cycle in Greece for the largest hotel chain franchise in the world
27/02 13:15
Price cuts of up to 15% in important product categories in Greece after March 1
27/02 12:46
Athens taxi drivers' protest rally in progress from Athinon avenue to Messogion
26/02 18:30
Annual Summit of Women Political Leaders (WPL) to be held in Athens in April
26/02 18:27
Culture Ministry: Schwartz Mansion in Ampelakia near Larisa to get new lighting
26/02 17:25
Greek president organizes reception for diplomats at Presidential Mansion
26/02 16:33
Trapped rack-railway passengers returned safely to Diakopto in Peloponnese
26/02 16:21
Public transport, ferry and taxi strikes in Athens on Wednesday
25/02 12:30
Greek island of Ikaria among the Blue Zones for Health Eating and Longevity
24/02 20:39
Greek PM meets Qatar Emir: Focus on bilateral cooperation and investments
24/02 18:25
Prescription cannabis for medicinal use legally available in Greece for the first time
24/02 17:19
MInister: The aim is to make fishing and fish-farming a key pillar of the economy
23/02 23:36
Greek Prime Minister arrives in Doha to be received by Sultan bin Saad Al Muraikhi
23/02 23:26
The Festival of Greek Dances takes place in the Metropolis of San Francisco
23/02 21:32
Revealing "70 Years of Friendship: Greece's photo journey through the Korean War"
23/02 17:15
16 Greek firms showcase at international fashion exhibitions in London
23/02 14:09
Flights to and from Heraklion airport in Crete resume on Saturday
22/02 18:15
Bill for non-state, non-profit universities being tabled in Greek Parliament on Thursday
22/02 18:13
Temporary residence for displaced Ukrainians extended in Greece to March 2025
22/02 18:10
American Hellenic Institute Golden Jubilee celebration Includes concert on April 12
22/02 18:09
Tourism Minister stresses importance of strong relationship of Greece with Serbia
22/02 17:58
Education protest rally ends and traffic resumes in Athens city center
21/02 19:47
Twistic and WeavAIR startups clinch the UN Tourism Hospitality Challenge
21/02 18:34
21/02 18:13
Traffic in Athens returning to normal after tractors depart from the Greek capital
21/02 13:01
Greek Tourism Minister in Belgrade for International Exhibition
21/02 00:55
Resilience through diversity and investments the aim of UN Tourism visit to Jamaica
20/02 23:38
Rally concludes with farmer tractors leaving Athens on Wednesday morning
20/02 20:43
Greek Prime Minister on official visit to India as of Wednesday
20/02 16:51
Minister: Greece wants to become India's gateway to the European Union
19/02 21:19
DEFEA Conference to be held at Stavros Niarchos Foundation in Athens on May 15
19/02 19:06
Traffic restrictions for farmers' rally in central Athens on Tuesday
19/02 18:11
Greece wins top tourist destination award at Grand Travel Awards in Sweden
19/02 14:23
Health Minister: Option of afternoon surgeries at public hospitals start in Greece
Greek-Canadian Diaspora to welcome Greek Prime Minister to Toronto
Greek Migration Minister visits refugee hosting facilities in Kavala, Drama and Serres
American Express report highlights Global Travel Trends during 2024
PM: More than 80 hospitals and 156 health centres being upgraded in Greece
US Ambassador to Athens: More flights from the United States to Greece and Thessaloniki
President of Hellenic Republic meets Prime Minister of Slovakia in Bratislava
Four hospitals in Attica Region already organizing afternoon surgical procedures
Piraeus Port and Genoa Chambers of Commerce ink memorandum of cooperation
Greek Minister announces conference on defence ecosystem in Athens from Lithuania
Greek Deputy Foreign Μinister meets her Slovenian counterpart in Athens
Greek retail sector turnover exceeds last year's figures with €4 billion in December
Greek Prime Minister to meet Bulgarian counterpart at Maximos Mansion
Epirotes Society of Philadelphia ‘Omonia’ organized 16th Annual ‘Tsipourovradia’
IOBE forecasts 2.4% growth and 10.5% unemployment in Greece during 2024
Impressive statue of Hercules unearthed in Philippi of Northern Greece
Athens International Airport makes spectacular debut on Athens Stock Exchange
PM at Axia discussion: Greece offering great investment opportunities in 2023
Greek president organizes reception for diplomats at Presidential Mansion
CEO: The goal is for PPC to become a leading player in Southeast Europe
Development Minister: Supermarket food prices will start dropping in Greece in March
Bill lifting restrictions for Greeks voting from abroad greenlighted by majority vote
Volcano lights up in spectacular display of fireworks on Greek island of Santorini
Inspirational project promoting Hellenism and love for Greece globally (video)