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EU, Vietnam to agree to boost work on minerals, chips, "trusted" 5G, draft document says
The EU-Vietnam partnership aims to boost trade by 40% and deepen cooperation in critical minerals, semiconductors, defense, and trusted telecom infrastructure amid global trade challenges.
- On Jan 29, Vietnam and the European Union upgraded diplomatic relations to a comprehensive strategic partnership, Vietnam's highest diplomatic level.
- A 2020 free trade agreement between Vietnam and the 27-country European Union eliminated nearly 99% of tariffs and boosted bilateral trade by about 40%, while Vietnam now has 17 trade agreements.
- A joint statement adopted on Thursday says the sides will explore cooperation in defence, critical minerals, semiconductors, transport, and `trusted communications infrastructure`, with Costa saying `we need to start to stand side by side as reliable and predictable partners`.
- The elevation usually involves more frequent high-level meetings, increasing political engagement despite no binding commitments, and carries political weight as both face higher levies on exports to the United States.
- The EU is among Vietnam's top 10 investors with about $30 billion in FDI, while two-way trade has grown 10%-15% annually, underscoring Vietnam's expanding economic and security role.
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Watauga Democrat+3 Reposted by 3 other sources
Vietnam, EU vow stronger ties as bloc's chief visits Hanoi
Vietnam and the European Union pledged to deepen economic and security cooperation on Thursday, upgrading their diplomatic relationship to hedge against an increasingly unpredictable United States.
·Calhoun, United States
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Coverage Details
Total News Sources51
Leaning Left16Leaning Right6Center16Last UpdatedBias Distribution42% Left, 42% Center
Bias Distribution
- 42% of the sources lean Left, 42% of the sources are Center
42% Center
L 42%
C 42%
R 16%
Factuality
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