With ongoing trade and tariff disputes between the US and China, bilateral trade agreements are becoming newsworthy much more often. Vietnam and other ASEAN and South East Asia destinations are attracting manufacturing attention.
Key Asia-Pacific bilateral agreements
For the above diagram for the European Union (EU), as of this writing, agreement ratifications pending: EU-Vietnam, and EU-Singapore. While agreement under negotiations is between EU-Indonesia.
From a Vietnam perspective on trade agreements, some information specific to the nation, below. Several South East Asia nations have raised their attractiveness to manufacturers as China’s outlook remains uncertain to most manufacturing supply chain decision makers
Vietnam and ASEAN free trade agreements (FTA)
Vietnam is a member of Association of Southeast Asian Nations (ASEAN) comprising of 10 Southeast Asia nations. Collectively, ASEAN promotes intergovernmental cooperation and facilitates economic growth for members nations which include Indonesia, Thailand, Singapore, Malaysia, Philippines, Vietnam, Brunei, Cambodia, Myanmar (Burma), Laos.
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