In a move that is bound to strengthen the bilateral trade relations between Vietnam and the Europe while also improving the labour rights scenario, Vietnam’s National Assembly (NA) is reportedly planning to ratify the European-Vietnam Free Trade Agreement (EVFTA) while also approving the two remaining International Labour Organization (ILO) conventions – Convention 87 and Convention 105.
It may be mentioned here that Convention 87 relates to Freedom of Association and Protection of the Right to Organise and Convention 105 is on Abolition of Forced Labour.
Vietnam’s NA plans to ratify the EVFTA at its bi-annual working session later this year, and continue perfecting the legal framework to put these trade deals (including the EU-Vietnam Investment Protection Agreement – EVIPA) into practice, maintained Chairperson of Vietnam National Assembly, Nguyen Thi Kim Ngan, during a discussion with European Commissioner for Trade, Cecilia Malmström, recently.
Ngan further observed that Vietnam was also actively considering approving the two remaining ILO conventions, namely Convention 87 and Convention 105.
With these pacts, the two sides reportedly plan to boost cooperation and relationship based on the realisation of joint commitments with focus on trade and investment.