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EU, Vietnam sign free trade deal, remove nearly all tariffs

Staff writer |
The EU and Vietnam signed a free trade deal that removes nearly all tariffs between Europe and one of the world's last communist states.

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"Today's signature is not the end of our relations but the beginning of far more ambitious ties. The EU and Vietnam can do great things together," said EU Commission head Jean-Claude Juncker after talks with Vietnamese Prime Minister Prime Minister Nguyen Tan Dung.

The agreement followed two and a half years of intense negotiations between the 28-nation European Union and Vietnam, whose two-way trade has grown three-fold to 28 billion euros ($30 billion) in the last 10 years.

The EU and Vietnam in August reached an agreement in principle and only had a few legal hurdles to overcome to finalise the deal.

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