The VKFTA, which came into effect on December 20th 2015, consists of 17 chapters, 208 articles, 15 annexes and 1 agreement to implement the regulations. The trade pact covers a wide range of initiatives, among them tariff elimination and reduction, investment, intellectual property, customs facilitation, trade safeguards, technical barriers to trade, e-commerce, competition, and institutional and economic cooperation, etc.
The signing and deploying VKFTA marks strategic steps of Vietnam in international integration. Since then, it can foster the country in the process of mechanism transfer, industrialization and modernization. Moreover, the trade pact helps develop strategic partnership between Vietnam and South Korea towards stable, sustainable, long-term orientation, contributing to maintaining and promoting peace and stability in the region.
My Thien (Source: Binh Thuan Newspaper)
