The United Kingdom–Vietnam Free Trade Agreement (UKVFTA) is a free trade agreement between the United Kingdom and Vietnam. It was signed prior to the withdrawal of the United Kingdom of the European Union as a Continuity trade agreement in order to protect trade and investment between the two parties as the UK would no longer be a party of the European Union–Vietnam Free Trade Agreement.[1][2]
Free Trade Agreement between the United Kingdom and the Socialist Republic of Vietnam | |
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![]() United Kingdom Vietnam | |
Type | Free trade agreement |
Context | Trade continuity agreement between the United Kingdom and Vietnam |
Signed | 29 December 2020 |
Location | Hanoi, Vietnam |
Effective | 1 January 2021 |
Condition | Ratification by all signatories |
Negotiators | |
Parties | |
Languages |
The agreement replicates the European Union–Vietnam FTA terms with minor changes.[3][4]
Trade value between the United Kingdom and Vietnam was worth £7,057 million in 2022.[5]
See also
editReferences
edit- ^ Department for International Trade (10 December 2020). "UK strikes Singapore and Vietnam trade deals, start of new era of trade with Asia '". GOV.UK. Archived from the original on 10 December 2020. Retrieved 10 December 2020.
- ^ Nguyen, Quynh (11 December 2020). "U.K., Vietnam Reach Free-Trade Deal as Brexit Deadline Looms". Bloomberg. Archived from the original on 14 May 2024. Retrieved 11 June 2024.
- ^ Department for International Trade (31 December 2020). "UK/Vietnam: Free Trade Agreement". GOV.UK. Archived from the original on 31 December 2020. Retrieved 5 May 2024.
- ^ Government of Vietnam (20 July 2022). "UK trade deal benefits Vietnamese goods". Ministry of Industry and Trade. Hanoi. Archived from the original on 20 September 2022. Retrieved 17 September 2022.
- ^ Department for International Trade (3 November 2022). "UK trade agreements in effect". GOV.UK. Archived from the original on 17 January 2024. Retrieved 9 February 2024.