The European Union and Vietnam are said to be making “good progress” after concluding the ninth round of Free Trade Agreement (FTA) talks in Danang.

According to the EU, both teams have found common ground on outstanding issues and are now looking for a “swift conclusion” to the negotiations.

Discussions have intensified in all areas, including particular progress in four chapters: trade in goods, services, investment and state-owned enterprises.

Work was also almost completed on trade and sustainable development, while the chapter on co-operation was closed.

Beyond eliminating tariffs and non-tariff barriers, the FTA aims to tackle other trade-related issues, including public procurement, regulatory issues, competition, trade and sustainable development, and Geographical Indications.

Imports into the EU from Vietnam totalled EUR21.3bn last year, with footwear, textiles and clothing among the key goods traded.

For more information on the goals of European retail clothing brands in the free-trade agreement, click on the following link: EUROPE: Clothing retailers set out case for EU-Vietnam FTA.