VIETNAM AGREEMENT
February 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Commission and Vietnam have struck a new textile and clothing trade deal which would give the south east Asian country increases in European Union (EU) textile and clothing quotas worth Euro 200 million a year. In return, the Vietnam government has pledged significant tariff reductions in the sectors, along with other liberalisation commitments. EU Trade Commissioner Pascal Lamy said: "This agreement is evidence of the EU's commitment to strengthen trade and investment links with Vietnam. We want to do business with Vietnam. It is ...
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