- The Vietnam–EFTA free trade agreement has been signed and is expected to open stable, long-term market access for Vietnamese goods and services in Switzerland, Norway, Iceland, and Liechtenstein.
- The deal is expected to eliminate tariffs on industrial goods and processed seafood, supporting exports such as machinery, precision engineering products, electrical equipment, footwear, coffee, spices, furniture, and deeper processed products.
- EFTA markets are high-income and highly demanding, requiring strong product quality, green production, traceability, and social responsibility compliance.
- Vietnamese businesses are urged to improve competitiveness, upgrade technology and supply chains, build brands, and expand commercial presence in EFTA rather than relying only on tariff preferences.
Source: baochinhphu.vn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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