The commitments on green trade in the UKVFTA will help Vietnamese businesses make better use of the incentives from the Agreement, as well as opportunities from green and fair trade – an important global development trend to meet the requirements of sustainable development.
On 07/3 in Hanoi, the Ministry of Industry and Trade of Vietnam and the Embassy of the United Kingdom of Great Britain and Northern Ireland (UK) in Vietnam co-organized the workshop “UKVFTA Agreement – Green and Fair Trade with Vietnam”. This is a symposium to help the export business communities of both countries make better use of the incentives from the Free Trade Agreement between Vietnam and the UK, especially in the field of green and fair trade – the inevitable development trend of global trade.
Opportunities to shift comparative advantage from green trade
Speaking at the workshop, Deputy Minister of Industry and Trade Dang Hoang An emphasized that green development is an important development trend globally to meet the requirements of sustainable development. Vietnam is in the process of transitioning to fulfill its international commitments on sustainable development, energy efficiency and climate commitments.
The Deputy Minister said that in order to effectively implement the above orientations, the Ministry of Industry and Trade has approved the “Climate Change and Green Growth Plan of Industry and Trade in the period to 2030, with a vision to 2050”. In this Plan, green trade is the important content. For businesses, it is also an opportunity to create environmentally friendly goods and services, an opportunity for goods to adapt to increasingly high standards related to environmental protection and combating climate change.
More support to accelerate the green transition
Within the framework of the workshop, speakers and experts from the Ministry of Industry and Trade and the Embassy of the United Kingdom shared and provided more specific information on relevant commitments in the UKVFTA Agreement; The UK’s green and fair trade policy in the context of green development is an important development trend globally to meet the requirements of sustainable development and combating climate change.
At the workshop session, experts discussed the advantages and disadvantages of Vietnamese enterprises when adapting to green trade; at the same time answering many questions related to ways to transition to green and sustainable trade; standards and notes on “green criteria” for exports to the UK market, as well as cooperation on renewable energy…