EU approves PCA with Vietnam

In the EU Foreign ministers Meeting held on May 14 in Brussels, Belgium, representatives from the 27 member countries of the European Union (EU) approved the signing of the partnership and cooperation agreement (PCA) with Vietnam.

The PCA consists of eight chapters and 65 articles that defines basic principles in Vietnam-EU relationships and specifies the comprehensive cooperation framework in variety of sectors, including trade, investment, and international security.

The PCA is expected to bring the Vietnam-EU relationship into a new period of greater cooperation, matching with the country’s position in the coming years.

 

Category: Economy