United Kingdom–Vietnam Free Trade Agreement

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United Kingdom–Vietnam Free Trade Agreement
Free Trade Agreement between the United Kingdom and the Socialist Republic of Vietnam
  United Kingdom
  Vietnam
TypeFree trade agreement
ContextTrade continuity agreement between the United Kingdom and Vietnam
Signed29 December 2020
LocationHanoi, Vietnam
Effective1 January 2021
ConditionRatification by all signatories
Negotiators
Parties
Languages

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]

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[edit]

References[edit]

  1. ^ "UK strikes Singapore and Vietnam trade deals, start of new era of trade with Asia '". GOV.UK. 10 December 2020. Archived from the original on 10 December 2020. Retrieved 10 December 2020.
  2. ^ "U.K., Vietnam Reach Free-Trade Deal as Brexit Deadline Looms". Bloomberg. 11 December 2020. Retrieved 13 January 2024.
  3. ^ "UK/Vietnam: Free Trade Agreement". GOV.UK. Retrieved 17 September 2022.
  4. ^ "UK trade deal benefits Vietnamese goods". Ministry of Industry and Trade of the Socialist Republic of Viet Nam. Retrieved 17 September 2022.
  5. ^ "UK trade agreements in effect". GOV.UK. 3 November 2022. Retrieved 9 February 2024.
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