UKABC Roundtable on The UK-Vietnam Free Trade Agreement
The UK-Vietnam FTA
UKABC Roundtable on the UK-Vietnam Free Trade Agreement
The FTA is a significant milestone that will deepen the relationship and provide business certainty with the fastest growing economy in Southeast Asia. Vietnam’s economy has been the shining star in a region that has struggled with the economic fallout of the coronavirus impact. It has been forecasted that Vietnam will grow at around 6.8% in 2021, one of the fastest growth rates globally. With the UK-Vietnam FTA in place, Vietnam stands out as the place for UK companies to continue to invest in and do business with.
The FTA will also bring the UK closer to joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which accounted for 13% of global GDP in 2019 and will rise to 16% if the UK were to join. Vietnam is a founding member of the CPTPP and has expressed support for the UK’s accession.
Watch the video recap on the live-streamed Roundtable Discussion below: