In the complex geopolitical context shaping international dynamics — characterised by a plethora of (in)security dynamics, encompassing shifting alliances and global tensions — the significance of a solid partnership based on economic resilience and an increase of sustainable development has never been more relevant.
The European Institute for Asian Studies contributed to the 2023 Viet Nam – EU Trade Forum with an online presentation by EIAS Director Ms Lin Goethals on “Accompanying the manufacturing industry under pressure of green & sustainable development”. The Forum took place in Ho Chi Minh City on 27 November 2023.
In an era marked by profound and unprecedented geopolitical tensions, trade disputes, supply chain disruptions, and global economic downturn, the revival of negotiations for the Free Trade Agreement (FTA) between the European Union (EU) and Thailand signifies an opportunity to revitalise the economic relations between the two long-time trading partners. Leveraging the foundation laid by the EU-Thai Partnership and Cooperation Agreement (PCA) signed on 14 December 2022, both parties have affirmed their commitment towards upholding the rules-based international order. The PCA is the reflection of the EU’s strategic intent to address the increasing geopolitical risks, economic uncertainties, and the climate crisis by actively cultivating like-minded alliances in the Indo-Pacific region.
Two years after the entry into force of the Free Trade Agreement (FTA) between Vietnam and the European Union (EU), this EIAS Briefing Paper outlines the evolution of economic and trade relations between the two partners, identifying relevant sectors for future cooperation. Taking into account both parties’ climate ambitions, as well as Vietnam’s need to develop its energy infrastructure, the EU and Vietnam should collaborate more intensively to secure and incentivise sustainable European investments in Vietnam, facilitated by the FTA. Sharing its experience, the EU can contribute to determining an energy policy adapted to Vietnam’s needs and will.
2021 marks the tenth anniversary of the entry into force of the free trade agreement (FTA) between the European Union