Free Trade Agreement is a multinational treaty or pact between two or more cooperating nations to reduce trade barriers to imports and exports between them. Under these policies, goods and services can be purchased and sold across participating international borders with limited government tariffs, subsidies, and taxes to restrain their exchange.
Free Trade Agreements have proven to be one of the most efficient ways to open up foreign markets to exporters of goods and services. They don’t only reduce trade barriers, but they also protect the interests of businesses, enhancing the rule of law in FTA partner countries.
Vietnam has signed 15 Free Trade Agreements as listed below:
- ASEANFREE TRADE AGREEMENT (AFTA)
- ASEAN-CHINA FREE TRADE AGREEMENT (ACFTA)
- ASEAN-KOREA FREE TRADE AGREEMENT (AKFTA)
- ASEAN – JAPANCOMPREHENSIVE ECONOMIC PARTNERSHIP (AJCEP)
- VIETNAM-JAPAN ECONOMIC PARTNERSHIP AGREEMENT (VJEPA)
- ASEAN-INDIA FREE TRADE AGREEMENT (AIFTA)
- ASEAN-AUSTRALIA-NEW ZEALAND FREE TRADE AGREEMENT (AANZFTA)
- VIETNAM – CHILE FREE TRADE AGREEMENT (VCFTA)
- VIETNAM – KOREAFREE TRADE AGREEMENT (VKFTA)
- VIETNAM-EURASIAN ECONOMIC UNION FREE TRADE AGREEMENT (VN-EAEU FTA)
- COMPREHENSIVE AND PROGRESSIVE AGREEMENT FOR TRANS-PACIFIC PARTNERSHIP (CPTPP)
- ASEAN – HONG KONG, CHINAFREE TRADE AGREEMENT (AHKFTA)
- EU-VIETNAM FREE TRADE AGREEMENT (EVFTA)
- UK-VIETNAM FREE TRADE AGREEMENT (UKVFTA)
- REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP (RCEP)