United Kingdom–Vietnam Free Trade Agreement Explained

United Kingdom–Vietnam Free Trade Agreement
Long Name:	Free Trade Agreement between the United Kingdom and the Socialist Republic of Vietnam
Type:	Free trade agreement
Context:	Trade continuity agreement between the United Kingdom and Vietnam
Location Signed:	Hanoi, Vietnam
Condition Effective:	Ratification by all signatories
Negotiators:	Liz Truss
Parties:	United Kingdom

The United Kingdom–Vietnam Free Trade Agreement (UKVFTA) is a free trade agreement between the United Kingdom and Vietnam. It was signed prior to the withdrawal of the United Kingdom of the European Union as a Continuity trade agreement in order to protect trade and investment between the two parties as the UK would no longer be a party of the European Union–Vietnam Free Trade Agreement.^{[1] [2]}

The agreement replicates the European Union–Vietnam FTA terms with minor changes.^{[3] [4]}

Trade value between the United Kingdom and Vietnam was worth £7,057 million in 2022.^[5]

See also

• Free trade agreements of the United Kingdom
• Free trade agreements of Vietnam
• United Kingdom–Vietnam relations

Notes and References

1. Web site: Department for International Trade. UK strikes Singapore and Vietnam trade deals, start of new era of trade with Asia ' . GOV.UK. 10 December 2020. 10 December 2020. https://web.archive.org/web/20201210071758/https://www.gov.uk/government/news/uk-strikes-singapore-and-vietnam-trade-deals-start-of-new-era-of-trade-with-asia. 10 December 2020. live.
2. News: Nguyen. Quynh. U.K., Vietnam Reach Free-Trade Deal as Brexit Deadline Looms. Bloomberg. 11 December 2020. 11 June 2024. subscription. https://web.archive.org/web/20240514145003/https://www.bloomberg.com/news/articles/2020-12-11/u-k-vietnam-reach-free-trade-deal-as-brexit-deadline-looms?leadSource=uverify%20wall. 14 May 2024. live.
3. Web site: Department for International Trade. UK/Vietnam: Free Trade Agreement . 31 December 2020 . GOV.UK . en. 5 May 2024. https://web.archive.org/web/20201231171126/https://www.gov.uk/government/publications/ukvietnam-free-trade-agreement. 31 December 2020. live.
4. Web site: Government of Vietnam. UK trade deal benefits Vietnamese goods . Hanoi. 2022-09-17 . Ministry of Industry and Trade. 20 July 2022 . https://web.archive.org/web/20220920171629/https://moit.gov.vn/en/news/industry-and-trade/uk-trade-deal-benefits-vietnamese-goods.html. 20 September 2022. live.
5. Web site: Department for International Trade. UK trade agreements in effect. 9 February 2024. 3 November 2022. GOV.UK. https://web.archive.org/web/20240117122720/https://www.gov.uk/guidance/uk-trade-agreements-in-effect. 17 January 2024.