Workshop discusses NA role in implementing FTAs

The role of the National Assembly in ratifying and implementing free trade agreements (FTAs) was the focus of a workshop held by the NA Committee for External Relations and the US Agency for International Development (USAID) in central Thua Thien-Hue province on July 20.

At the workshop

Participants – including NA deputies, economists and representatives of both domestic and foreign businesses – discussed the specific impacts of FTAs on Vietnam’s economy as well as challenges facing the country during the negotiation and signing process.

They also shared opinions on legal issues to be revised or supplemented to increase the country’s trade competitiveness.

In recent years, along with domestic reforms, Vietnam has actively participated in negotiations for bilateral and multilateral FTAs with numerous important partners.

To date, Vietnam has signed 10 FTAs, of which numerous agreements with the Republic of Korea and the Eurasian Economic Union were reached in 2015.

(Source: nhandan.org.vn)