With regard to intellectual property rights, Vietnam is committed to achieving a high level of protection that goes beyond the standards of the WTO TRIPS agreement. This agreement better protects innovation, artwork and trademarks in the EU from illegal copying, including through stricter enforcement rules. Farmers and small businesses that make food using traditional methods will benefit from the recognition and protection on the Vietnamese market of 169 European food and beverage products of specific geographical origin, at the same level as EU legislation. This means that the use of geographical indications (GIs) such as champagne, Parmigiano Reggiano cheese, Rioja wine, Roquefort cheese or Scotch whisky is reserved in Vietnam for products imported from the European regions from which they traditionally originate. Under the EU, the EU provides the same thresholds as it applies under the WTO Public Procurement Agreement (GPA) and other free trade agreements, while Vietnam has a 15-year transitional period with higher thresholds. Both the EU and Vietnam are committed to opening up public procurement to the central government, sub-headquarters and other entities, as outlined in the annexes to the agreement. In particular, the EU is committed to opening the same central public bodies as in the WTO, with some exceptions. Vietnam is committed to opening procurement procedures for 20 central agencies, including several ministries, departments and sub-agency, two sub-central government entities (Hanoi City and Ho Chi Minh City) and 42 “other covered entities,” including Vietnamese Railways and Vietnam Electricity.2 To obtain preferential rights under THE TUEFTA, distributors must complete the general rules of origin or rules of origin of the product of the agreement and complete a certificate of origin (Form EUR. 1) or declaration of origin issued by the government. are issued by a certified exporter (i.e. self-certification of origin).
The TFUE allows for the bilateral accumulation of origin, in which products manufactured in one part can benefit from preferential treatment and containing materials of the other party. It also allows for a limited accumulation of South Korean substances used in textile manufacturing and the possibility of accumulating fishing equipment from other ASEAN Member States. The EU`s bilateral trade and investment agreements with Vietnam in March 2020 and the trade agreement are expected to enter into force this summer, following Vietnam`s final ratification. The agreements with Vietnam are the second (after those with Singapore) between the EU and a South-East Asian country and are springboards for stronger engagement between the EU and the region. The TFUE also supports, overall, sustainable infrastructure development, including a preference for the use of renewable energy and energy-efficient goods and services. A specific chapter on non-tariff barriers and investments in renewable energy production includes specific rules on authorisation and authorisation procedures, compliance with existing international standards and local content requirements. The free trade agreement focuses on duty-free trade. It provides for the total abolition of almost all tariffs, with the exception of certain tariff quotas subject to duty-free tariff quotas.