Free Trade Agreement between the Socialist Republic of Viet Nam and European Union

 

 

The Socialist Republic of Viet Nam, hereinafter referred to as "Viet Nam", 
and 
The European Union, hereinafter referred to as "the Union", 
hereinafter jointly referred to as "the Parties" or individually referred to as "Party", 
RECOGNISING their longstanding and strong partnership based on the common principles and values reflected in the Partnership and Cooperation Agreement, and their important economic, trade and investment relationship;
DESIRING to further strengthen their economic relationship as part of, and in a manner coherent with, their overall relations, and convinced that this Agreement will create a new climate for the development of trade and investment between the Parties; 
RECOGNISING that this Agreement will complement and promote regional economic integration efforts; 
DETERMINED to strengthen their economic, trade and investment relationship in accordance with the objective of sustainable development, in its economic, social and environmental dimensions, and to promote trade and investment under this Agreement in a manner mindful of high levels of environmental and labour protection and relevant internationally recognised standards and agreements; 
DESIRING to raise living standards, promote economic growth and stability, create new employment opportunities and improve the general welfare and, to this end, reaffirming their commitment to promote trade and investment liberalisation; 
CONVINCED that this Agreement will create an expanded and secure market for goods and services and a stable and predictable environment for trade and