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EU quota shake-up ushers in new era: the European Union (EU) and Vietnam signed a textile agreement last year, increasing Vietnam's quotas for the EU market. Pierre Angles d'Auriac, managing lawyer at Flecheux, Ngo & Associes, discusses the impact of the agreement. *.

Publication: Vietnam Investment Review
Publication Date: 24-MAY-04 		Format: Online - approximately 1133 words
Delivery: Immediate Online Access
Full Article Title: EU quota shake-up ushers in new era: the European Union (EU) and Vietnam signed a textile agreement last year, increasing Vietnam's quotas for the EU market. Pierre Angles d'Auriac, managing lawyer at Flecheux, Ngo & Associes, discusses the impact of the agreement. *.(News)

Article Excerpt
The European Commission and Vietnam initialled an agreement on February 15, 2003, in the form of an exchange of letters, on trade in textile and clothing products and other market opening measures.

This agreement amended the agreement between the EU and the Socialist Republic of Vietnam on trade in textile and clothing products dated December 15, 1992 which entered into force on January 1. 1993 (last amended by an agreement in the form of an exchange of letters on March 31, 2000).

The new agreement gives Vietnam an increase in textile and garment quotas worth 200 million Euro a year, in exchange for significant tariff reductions by Vietnam on the import of textile and clothing products of European origin and other liberalisation commitments in a number of sectors.

The agreement, which entered into force at the end of 2003, shall be applicable until December 31, 2005, and provides for the following terms.

The quota for Vietnam's textile garments exported to the EU in all categories relevant to the Vietnamese...



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