Trade agreement with Vietnam: Promotion of European values
Following the European Parliament's approval of the EU-Vietnam trade agreement this week, European Democrat MEPs remind us of the importance of defending and promoting our values in free trade agreements.
The Vice-Chairwoman of the International Trade Committee and French MEP Marie-Pierre Vedrenne tells us: "While progress has been made with the ratification of international conventions, we must be uncompromising on compliance with the clause on sustainable development. Our trade policy must be guided by our values and respect for human rights, but the ratification of this agreement is not an end in itself. The key to success will lie in its successful implementation, all this in an international context that is synonymous with a trade war."
And she reminds us that this agreement with Vietnam will be very beneficial for the EU: "There are many benefits to this trade agreement. Yes, this agreement will make it possible to protect 169 geographical indications, including 36 French PDOs. Our companies will be able to export many products without customs duties. We will benefit from better access to public procurement markets. These are all gains that have been made in these negotiations."
Basque MEP Izaskun Bilbao Barandica points out that: " The policy of trade agreements that the Union has been deploying in recent years is proving to be one of the most effective tools for propagating our social and environmental standards throughout the world; also for promoting progress on human rights, which is very remarkable in this agreement".