Trade EVFTA expected to be ratified in 2020 By Thuy Dung Wednesday, Nov 13, 2019,18:05 (GMT+7) EVFTA expected to be ratified in 2020By Thuy Dung Giorgio Aliberti, new ambassador of the European Union to Vietnam - PHOTO: THUY DUNG HANOI – The European Union and Vietnam are completing procedures related to the European Union-Vietnam Free Trade Agreement (EVFTA) and expect to ratify the deal next year, opening up new opportunities for both sides, according to Giorgio Aliberti, new ambassador of the EU to Vietnam. At a press briefing in Hanoi on November 12 after Aliberti officially assumed a four-year term of office in Vietnam, the newly accredited ambassador noted that the European Parliament's Committee on International Trade had completed a working trip to Vietnam on the EVFTA. The results of the working trip will be discussed at a meeting of the committee in January next year and at another meeting of the … [Read more...] about EVFTA expected to be ratified in 2020
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Vietnam promotes agricultural, textile and footwear exports to Eastern Europe
The event attracted a number of enterprises from Eastern Europe and Vietnam to meet and seek co-operation opportunities. It also aimed to help Eastern European enterprises to better understand Vietnamese agricultural products. According to Deputy Minister of Industry and Trade Hoang Quoc Vuong, Eastern European countries are considered a traditional and important export market for Vietnamese goods. Deputy Minister of Industry and Trade Hoang Quoc Vuong speaks at the forum Institutions and legal frameworks for developing bilateral cooperation have been established between Vietnam and the Eastern European countries, including 14 intergovernmental committees, a mechanism for economic cooperation consultation between Vietnam and Poland and a Free Trade Agreement between Vietnam and the Eurasian Economic Union (including Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan), he noted. However, the total trade revenue between Vietnam and the Eastern European countries still … [Read more...] about Vietnam promotes agricultural, textile and footwear exports to Eastern Europe
OPEC, non-OPEC oil producers agree to extend oil supply cut by 9 months
Meanwhile, the Reuters reported that the OPEC members on July 1 agreed to extend oil supply cuts until March 2020 as the group's members overcame their differences in order to prop up the price of crude amid a weakening global economy and soaring US production. Benchmark Brent crude has climbed more than 25% so far this year after the White House tightened sanctions on OPEC members Venezuela and Iran, slashing their oil exports. Brent rose as much as US$2 on Monday towards US$67 per barrel as traders cited OPEC's resolve to curb output. The OPEC meeting on Monday will be followed by talks with Russia and other allies, a grouping known as OPEC+, on Tuesday (July 2). Russian President Vladimir Putin said on June 29 he had agreed with Saudi Arabia to extend existing output cuts of 1.2 million barrels per day, or 1.2% of global demand, until December 2019 or March 2020. Oil prices could stall as a slowing global economy squeezes demand and US oil floods the market, a Reuters poll of … [Read more...] about OPEC, non-OPEC oil producers agree to extend oil supply cut by 9 months
