“The conclusions presented by a joint research group show that the
potential of trade and economic relations between the Customs Union and
Vietnam will receive a significant boost if a free-trade zone is set up.
It will take the long-standing fruitful and mutually profitable
cooperation to a new level,” the EEC said in a statement.
Now that the joint group ended its work, the sides may proceed to
negotiating a free-trade agreement. Talks will are expected to begin in
the first quarter of 2013 after the heads of state complete necessary
formalities and issue the necessary negotiating mandates.
The EEC and Vietnam underscored the importance of such an agreement
in line with the practices and norms of the World Trade Organization.