Have your say about the United Kingdom Vietnam Free Trade Agreement (UKVFTA)
About the UKVFTA: The United Kingdom Vietnam Free Trade Agreement is based on the EU-Vietnam Free Trade Agreement (EVFTA) and the European Union Free Trade Agreements with third countries. The newly promulgated UKVFTA includes several new rules and measures with regard to tariff-rate quotas, rules of origin, preferential tariffs, and service promotions. This is a symbolic step in consolidating the strong economic partnership between Vietnam and the UK.
The Free Trade Agreement covers 5.1 billion GBP in trade. This indeed provides a platform to promote trade and investment growth, as well as a certainty to the UK and Vietnamese businesses.
Also, it secures access to staged tariff reductions between the Uk and Vietnam. The deal locks in the 65% of all tariffs that have been eliminated on UK-Vietnam trade and will increase to 99% after six years. This is also a step forward into the UK's membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
About this Survey: About the UKVFTA having officially come into force on the 1st of May 2021, please share your say. In order to gather information on the current situation with the UKVFTA, BritCham Vietnam is conducting a short survey questionnaire among our business members. Following your answers, there will be opened series of focus discussions on feeding into the design of the UKVFTA. Answering the questionnaire won't take longer than 2 minutes of your times.
BritCham Vietnam Ho Chi Minh G/F 25 Le Duan Blvd, Dist 1, Ho Chi Minh City, Vietnam T +84 28 3829 8430
