EFTA successfully concludes free trade deal talks with Vietnam
- On Thursday, The European Free Trade Association announced it successfully concluded negotiations on a free trade agreement with Vietnam to diversify commercial relations amid global trade tensions.
- Negotiations originally launched in 2012 but stalled in 2018; talks resumed in September 2025 and concluded after five additional rounds of discussion.
- Bilateral trade between the bloc and Vietnam reached 4.8 billion euros by 2025, with the deal covering investment, intellectual property, and government procurement.
- Switzerland, the largest economy in EFTA, faced elevated tariffs last August, prompting members to seek commercial alternatives through this Vietnam accord.
- Swiss President Guy Parmelin is currently visiting North America to advance updates to Switzerland's free trade deal with Mexico, expanding the bloc's market access.
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EFTA and Vietnam Strike Milestone Free Trade Agreement
The European Free Trade Association has finalized a free trade agreement with Vietnam to enhance commercial ties amid global tariff conflicts. This accord, which includes multiple economic sectors, marks the conclusion of negotiations that began in 2012, following a brief stalemate, and reflects the substantial growth of trade in recent years.
This gradually eliminates numerous tariffs – including watches, cheese and chocolate from Switzerland.
EFTA successfully concludes free trade deal talks with Vietnam
The European Free Trade Association said on Thursday it has successfully concluded negotiations with Vietnam on a free trade agreement, as its members seek to diversify commercial relations amid global tensions over tariffs.
Norway and the other EFTA countries have agreed with Vietnam on a free trade agreement.
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