Opportunities & Developments of the EU-VN Free Trade & Investment Agreements
- Date 18 August 2022
- Time 13:00 PM - 14:30 PM
- Location The Netherlands Enterprise Agency
- Dutch Business Association In Vietnam (DBAV)
More about event
Since 2020, the already excellent relationship between the EU and Vietnam got boosted by the ratification of the Europe Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA). The agreements provide enormous chances for entrepreneurs with an international scope.
The agreements will provide opportunities to increase trade and support jobs and growth on both sides, through
- Eliminating 99% of all tariffs
- Reducing regulatory barriers and overlapping red tape
- Ensuring protection of geographical indications
- Opening up services and public procurement markets
- Making sure the agreed rules are enforceable
Tentative program (NL time)
- 1 PM walk-in
- 1.15 PM Intro by a DBAV/NVCC Board Member
- 1.30 PM Presentation by Oliver Massmann
- 2.30 PM Networking and coffee
- 3.15 PM Ending and Walk-out
About Oliver Massmann:
Dr. Oliver Massmann is a Partner at Duane Morris LLP, International Attorney at Law, and a Financial Accountant and Auditor. Dr. Massmann earned his PhD in International Business Law. Dr. Massmann has been working for more than 20 years as Commercial Lawyer in Vietnam and Myanmar. He has been a member of DBAV since 2020.
The European Commission in Brussels and the EU Delegation in Hanoi has engaged Oliver in 2020 to be the lead advisor for the implementation of the EU Vietnam Free Trade Agreement for the next 2 years.
Besides being arguably one of the most knowledgeable people on this comprehensive agreement, Dr. Oliver Massmann is an energizing and charismatic speaker and is regarded as an ambassador of modern Vietnam. He is the only foreign lawyer in Vietnam who teaches law in the Vietnamese language at the Ministry of Justice in Hanoi for over a decade.
VIETNAM – IMPLEMENTATION OF EU-VIETNAM FREE TRADE AGREEMENT (EVFTA) – Dr. Oliver Massmann from Duane Morris named Lead Advisor
The European Commission and the EU Trade Delegation in Vietnam has selected as the lead advisor Dr. Oliver Massmann and his team to advise and assist in a project to support the implementation of the EU – Vietnam Free Trade Agreement (“EVFTA”), one of the most important Free Trade Agreements for Vietnam. The Agreement is anticipated to bring significant advantages for enterprises, employees, and consumers in both the European Union (“EU”) and Vietnam. According to an analysis carried out by the Government as well as the World Bank, Vietnam expects an increase in the country’s GDP to be 2,18 – 3,25% (years 2020 – 2023); 4,57 – 5,30% (years 2024 – 2028), and 7,07 – 7,72% (years 2029 – 2033). In addition, with the possibility of skilled laborers’ wage to rise by up to 12%, with salaries of common workers increasing by 13%, the Agreement can help lift around 800,000 people out of poverty by 2030. After the entry into force of the Agreement on 01 August 2020, and once Government policies and institutional reforms begin to take effect, Vietnam’s business activities will boom.