As with all negotiations, it is essential to have preferential access that covers key interests while taking into account sensitivities. It is also very important for Switzerland to create added value with obligations beyond the agreements of the World Trade Organisation, for example in the field of the protection of intellectual property rights or in the field of public procurement. Describes the trade agreements in which this country is involved. Provides resources for U.S. companies to obtain information on the use of these agreements. Vietnam is one of Switzerland`s main trading partners in ASEAN. As our network of trade agreements within ASEAN and the region expands, resolving outstanding issues in our negotiations on a free trade agreement and seeking an early conclusion of the agreement are a priority for our economic relations with Vietnam. The FTA will improve bilateral market access for trade in goods by reducing tariffs on goods traded between FTA parties. In general, our experience has shown that the volume of trade increases more sharply in the years following the conclusion of a free trade agreement than for non-FTA trading partners. Swiss products and services enjoy an excellent reputation in Switzerland and abroad, which is why indications of origin such as “Swiss”, “Made in Switzerland” or the Swiss cross are becoming increasingly popular.
Switzerland endeavours to protect these and its partner countries` references in free trade agreements on the basis of the relevant international treaties. A well-integrated Vietnam that applies international standards is a stronger economic and trade partner, which is in the interest of Switzerland and other countries. Therefore, we are not specifically referring to an agreement, but we hope that our recent agreements on both sides can help us resolve the last outstanding issues in the negotiations between the EFTA States and Vietnam. Vietnam became the 150th member of the WTO in 2007 and, after accession, promised to fully comply with the WTO Agreements on Customs Valuation, Technical Barriers to Trade (TBT) and Sanitary and Phytosanitary (SPS) Measures. The United States and Vietnam concluded a bilateral trade agreement (FTA) in 2000, which entered into force in 2001. In some areas, it remains to be seen whether it is possible to find common ground. From Switzerland`s point of view, the respective free trade agreements that the two sides have recently concluded could be useful and serve as a reference for finding solutions between the EFTA states and Vietnam. “Vietnam is currently Switzerland`s third largest trading partner in ASEAN after Singapore and Thailand. Vietnam is a priority country in our economic cooperation policy,” Parmelin said. Vietnam is a member of the Association of Southeast Asian Nations (ASEAN) and subsequently a member of the ASEAN Free Trade Area (AFTA). Under AFTA, ASEAN members (including Brunei, the Philippines, Indonesia, Laos, Myanmar, Malaysia, Singapore, Thailand and Cambodia) have committed to making the region a competitive trading area.
With ASEAN countries, Vietnam has also signed trade pacts with the PRC, the Republic of Korea, Australia and New Zealand, India, Chile and Japan. It signed a bilateral trade agreement with Korea in 2015, as well as a trade agreement with the Russian-led customs union bloc. In 2019, Vietnam signed a free trade agreement with the EU. This agreement entered into force in August 2020. Vietnam is currently negotiating a free trade agreement with the EFTA states (Norway, Iceland, Liechtenstein and Switzerland). The EU-Vietnam Free Trade Agreement is an example of the agreements recently signed and ratified by Vietnam, but the country is also part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. On the EFTA side, we have concluded several agreements in Asia in recent years, for example with the Philippines and Indonesia. “The project is not only appropriate, but also underlines the commitment of the two countries to Vietnam`s sustainable socio-economic development,” Tan said.
— SNS Your working session took place as part of Phuc`s official visit to Switzerland. This would fully exploit the potential of our respective economies by ensuring a level playing field for Swiss exporters and investors in Vietnam, but also for Vietnam as a business and investment destination for Swiss companies that are increasingly looking for opportunities to work with the dynamic economies of the region. A favourable and predictable business environment is essential to attract foreign investment. And this is where the Vietnamese government does a lot of things right. The two countries shared the same view on the settlement of territorial disputes in the South China Sea and other regions through peaceful means and international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS). Vietnamese President Nguyen Xuan Phuc and his Swiss counterpart Guy Parmelin announced this at a joint press conference following their talks in Bern on 26 November. President Parmelin said he and President Phuc have agreed to appoint the heads of the two negotiating teams to speed up negotiations on the EFTA-Vietnam Free Trade Agreement. The government`s efforts to modernize infrastructure, balance state-owned enterprises, ease restrictions on foreign ownership, review and modernize the law on public-private partnerships, or raise the skill levels of the workforce are just some of the reform projects that come to mind. The agreement will also help the Ministry in public-private dialogue and allow for further exchanges between the private sector and national authorities. Since 2013, two regional specialists in disaster risk reduction and management have been based in Bangkok to support SDC projects in South-East Asia and the Pacific and to respond rapidly to natural disasters in both regions. The two specialists are also helping ASEAN improve its disaster risk management and rapid response capabilities.
On the 16th. The round took place more than two years ago in Oslo, Norway, and it seems that there has been little progress since then. Are we facing any obstacles? In 2019, Switzerland and Vietnam traded goods worth CHF 3.6 billion ($3.95 billion). Switzerland imported goods worth 2.9 billion francs ($3.18 billion) from Vietnam and exported goods worth 800 million francs ($880 million) to Vietnam (excluding gold bars and other precious metals, coins, precious and precious stones, works of art and antiques, according to the Federal Customs Administration). . VOV VOVworld Switzerland wants a free trade agreement with Vietnam Swiss Confederation Excellence Scholarships for Foreign Researchers and Artists (SERI) His son proposed to strengthen cooperation between Vietnamese and Swiss universities and cover training programs in areas such as tourism, insurance, banking and high technology as well as innovation. The Swiss president said he wants to sign a free trade agreement (FTA), similar to the agreement Vietnam signed with the European Union, removing obstacles to the movement of goods between the two countries. It is also worth noting the significant improvement in the ease of doing business of the International Finance Corporation by the country. Swiss companies usually focus on high-quality goods and services.
You must ensure that the associated know-how is protected. Vietnamese President Nguyen Xuan Phuc and his Swiss counterpart President Guy Parmelin at the joint press conference in Bern on Saturday evening (27 November 2021). – Vietnam News/ANN. Switzerland hopes for the early signing of a free trade agreement between Vietnam and EFTA There is clear potential. An ambitious free trade agreement would be an important step towards exploiting this potential and increasing the attraction of Swiss companies to Vietnam as an attractive market and investment destination. On a combined annual trade volume of $2.1 billion, Vietnam`s exports account for nearly two-thirds. Switzerland is not a member of the EU and is not a party to the EVFTA or the EVIPA agreement. Over the years, we have concluded a number of bilateral agreements of economic importance with Vietnam, including on investment protection and double taxation. In order to boost trade and investment between our two countries, negotiations on a free trade agreement are underway. .
HÀ NỘI — In order to improve the trade performance and international competitiveness of small and medium-sized enterprises (SMEs), Switzerland and Vietnam on Friday signed an agreement to implement the draft trade policy and export promotion (SwissTrade). The project runs from 2021 to 2024 with a total budget of CHF 5.627 million (equivalent to VND 148 billion or US$ 6.5 million). Switzerland`s contribution amounts to CHF 5.0 million and the counter-financing of the Vietnamese Government and beneficiaries amounts to CHF 627,000. . Switzerland is one of the G4 embassies with Canada, New Zealand and Norway and is working together on a constructive dialogue with the Vietnamese authorities on human rights. It will also strengthen the capacity of organizations to support enterprises in export services for SMEs, improve their competitiveness and participation in global value chains. What can be done to reach consensus on the different areas? You talked about the protection of intellectual property rights. What part of these rights affects you the most? However, the exact impact of a free trade agreement on trade between Switzerland and Vietnam is difficult to predict, as the evolution of trade is influenced by several factors, such as. B changes in the exchange rate or the business cycle.
Between 1992 and 2016, Vietnam was a priority country for development cooperation under the Swiss Agency for Development and Cooperation (SDC). Over the past 25 years, the SDC has financed more than 32 programmes totalling CHF 216 million. After Vietnam was granted middle-income status in 2010, the SDC gradually ceased its activities in favour of economic development and SECO cooperation. .
