The Prime Minister (PM) has recently approved a plan to implement the UK-Vietnam Free Trade Agreement (UKVFTA), assigning tasks and responsibilities to relevant agencies and organizations and deciding on directions and measures to implement the deal fully and effectively.
|Minister of Industry and Trade Tran Tuan Anh (left) and UK Secretary of State for International Trade Liz Truss sign the Agreed Minutes on the Conclusion of the Free Trade Agreement negotiation between Vietnam and the UK in Hanoi on December 11, 2020__Photo: Tran Viet/VNA
According to Decision 721 dated May 18, the Government leader requested ministries, sectors and localities to step up the dissemination of information about the UKVFTA as well as the British market, build laws and institutions, improve domestic product competitiveness, develop human resources, intensify environmental protection, and improve sustainable development policies, along with performing regular and assigned tasks.
It is necessary to popularize information about the agreement and the British market among interested persons, especially farmers, fishermen and workers via different means of communications in order to raise their awareness of the deal’s commitments as well as things that need to be done towards effective enforcement.
The PM also asked ministries, sectors and localities to speed up the organization of trade and investment promotion programs in the UK, and continue perfecting necessary institutions to implement the agreement, improving competitiveness of domestic industries and businesses, especially micro-, small- and medium-sized enterprises and farmers.
Under the Decision, attention should also be paid to assisting Vietnamese enterprises in joining production networks, and value and supply chains which see the participation of British businesses to take advantage of the agreement, while encouraging British-invested companies to connect with domestic partners to form and develop supply chains.
The plan also aims to promote mutual recognition of assessment results of conformity with the UK, especially for Vietnam’s key products exported to the country.- (VLLF)