. Earth Science News .
TRADE WARS
EU-Vietnam trade deal begins Saturday
by Staff Writers
Brussels (AFP) July 31, 2020

The EU's controversial trade deal with Vietnam comes into force on Saturday, despite criticism that it ignores environmental and human rights concerns about the communist state.

The free trade agreement, signed in Hanoi in June last year, will phase out tariff barriers over a decade for Vietnam and over seven years for the EU.

European Commission President Ursula von der Leyen said the deal would open doors to new markets and create jobs in Europe, where the economy has been badly battered by the coronavirus pandemic.

"The European economy needs now every opportunity to restore its strength after the crisis triggered by the coronavirus," von der Leyen said in a statement.

"I strongly believe this agreement will also become an opportunity for the people of Vietnam to enjoy a more prosperous economy and witness a positive change and stronger rights as workers and citizens in their home country."

The EU's trade commissioner Phil Hogan said that Vietnam had already made an effort to improve labour rights as a result of the tough negotiations to get to the deal.

The European Parliament approved the deal in February despite the pleas of activists who voiced doubt over the real impact of Vietnam's labour reforms and pointed to further concerns about freedom of expression, deforestation, overfishing and animal trafficking.

Vietnam is the EU's second-biggest trading partner in southeast Asia, with annual exchanges amounting to nearly 48 billion euros ($52 billion).

The EU largely imports telecoms equipment, apparel and food products from Vietnam, and exports machinery, transport equipment and chemical and agricultural products.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
LVMH reports rebound in China luxury sales
Paris (AFP) July 27, 2020
LVMH, the world's biggest luxury group, on Monday reported signs of a recovery in its businesses after a sharp downturn due to the coronavirus, including a strong rebound in key market China. Sales for the French conglomerate fell 38 percent overall in the second quarter of the year while net profit for the six months to June came in a staggering 84 percent lower as a result of the closure of many stores and manufacturing sites. But the group still "showed exceptional resilience to the serious h ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Scientists attempt to model spread of social unrest, riots

Snapchat grudges, COVID-19 pressures drive US shooting epidemic

Myanmar army sacks officers over landslide tragedy

Iran says damage at nuclear site 'significant'

TRADE WARS
Microsoft sees growth amid pandemic computing demands

Hole in none: how screen golf got serious in South Korea

Coronavirus boon for Poland's vibrant gaming sector

Loft Orbital selects LeoStella to supply satellites for Space Infrastructure-as-a-Service

TRADE WARS
Lasers etch an efficient way to address global water crisis

AU to hold Ethiopia dam meeting on August 3: Sudan

Migratory river fish populations down 76% since 1970: study

Fish reef domes a boon for environment, recreational fishing

TRADE WARS
Antarctica more widely impacted by humans than previously thought

Highest-ever temperature recorded in Norwegian Arctic archipelago

Air Force releases Arctic defense strategy

Climate change on track to wipe out polar bears by 2100

TRADE WARS
Wild bee decline threatens major US crops: study

Clear strategies needed to reduce bushmeat hunting

Revealing Brazil's rotten agribusinesses

Vertical farms ready for take-off

TRADE WARS
Tropical storm warning issued for Puerto Rico as cyclone approaches

Douglas downgraded to tropical storm after skirting Hawaii

2020's first hurricane roars ashore in virus-hit Texas

Mapping the Oaxaca earthquake from space

TRADE WARS
Rebel ambush kills 7 soldiers in eastern DR Congo: monitor

Zambia seeks Chinese debt relief for virus-hit economy

'Bandits' kill 23 Nigerian troops in northwest: security sources

Sudan army to prosecute over 'insults'

TRADE WARS
World population likely to shrink after mid-century

Neanderthals may have had a weak pain threshold

Spider monkey groups use collective computation to forage for food

Study reveals differences between nobles, commoners in Middle Ages









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.