| Author (Corporate) | Council of the European Union |
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| Series Title | Official Journal of the European Union |
| Series Details | L 175 |
| Publication Date | 28/06/2019 |
| Content Type | Legislation |
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Summary: Council Decision of 25 June 2019 on the signing of an investment protection agreement (IPA) between the European Union and Vietnam. Further information: The dynamically growing Southeast Asian economies are key markets for European Union exporters and investors. The Association of Southeast Asian Nations (ASEAN) taken as a whole is the EU’s third largest trading partner outside Europe, after the US and China. Vietnam has become the EU's second biggest trading partner in ASEAN, with trade between the EU and Vietnam worth € 47.6 billion in 2017. In 2009, the Council authorised the Commission to enter into negotiations for Free Trade Agreements with individual ASEAN member states. Negotiations with Vietnam were launched in June 2012, extended in October 2013 to include investment protection. The negotiations for an Investment Protection Agreement (IPA) were successfully concluded in August 2018. On 17 October the Commission presented proposals for Council Decisions on the signing and conclusion of the IPA on behalf of the European Union. In addition to the Investment Protection Agreement, the Commission has negotiated with Vietnam an ambitious and comprehensive Free Trade Agreement, with a view to creating new opportunities and legal certainty for trade and investment between both partners to develop. |
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| Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2019.175.01.0001.01.ENG |
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| Subject Categories | Politics and International Relations, Trade |
| Subject Tags | Bilateral Relations |
| Keywords | Investment Protection Agreement [IPA] |
| Countries / Regions | Vietnam |
| International Organisations | European Union [EU] |
