United Kingdom–Vietnam Free Trade AgreementFree Trade Agreement between the United Kingdom and the Socialist Republic of Vietnam |
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Type | Free trade agreement |
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Context | Trade continuity agreement between the United Kingdom and Vietnam |
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Signed | 29 December 2020 |
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Location | Hanoi, Vietnam |
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Effective | 1 January 2021 |
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Condition | Ratification by all signatories |
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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]
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