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Vietnam and the European Union to reach the deal

Staff writer |
Vietnam and the European Union (EU) have agreed to strive to conclude their free trade pact negotiations by October this year, while stepping up comprehensive cooperation between the two sides.

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The agreement was reached during a meeting between Vietnamese Prime Minister Nguyen Tan Dung and visiting President of the European Commission (EC) Jose Manuel Barroso in Hanoi.

The two leaders discussed measures to intensify bilateral cooperation in politics, security, economy, science, technology, education, justice, and migration.

PM Dung highly appreciated Mr. Barroso's visit as it takes place when the two sides are speeding up the ratification of the Framework Agreement on Comprehensive Partnership and Cooperation (PCA) and the conclusion of negotiations on a bilateral free trade agreement (EVFTA). He thanked EC and EU member countries for their support for Vietnam's socio-economic development and international integration.

The Vietnamese government leader suggested the EU ratify the PCA soon, take into account differences in the development level between Vietnam and EU members while negotiating the EVFTA, and recognize Vietnam as a full market economy early.

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