{
    "success": true,
    "data": {
        "id": 2043860,
        "msgid": "vietnam-and-efta-sign-free-trade-agreement-1792378255",
        "date": "2026-10-19 09:23:34",
        "title": "Vietnam and EFTA sign free trade agreement",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Trade",
        "summary": "Vietnam and the European Free Trade Association (EFTA) have signed a free trade agreement covering tariff reductions, customs procedures and investor treatment. The pact will preserve zero tariffs on many Vietnamese industrial and seafood exports while Vietnam phases out duties on most comparable EFTA products over 11 years, with longer transitions for certain agricultural goods.",
        "content": "<p>HANOI (ANTARA) \u2014 Vietnam and the European Free Trade Association\n(EFTA), whose members are Norway, Switzerland, Iceland and\nLiechtenstein, signed a free trade agreement in Hanoi on Sunday (18\nOctober), the Vietnam News Agency reported.<\/p>\n<p>Under the agreement, EFTA countries will continue to apply zero\nimport tariffs to Vietnamese industrial and seafood products once the\npact takes effect. Vietnam will gradually reduce or eliminate tariffs on\nmost similar products from EFTA countries over 11 years, the agency\nreported on Saturday (17 October).<\/p>\n<p>Certain agricultural products, including cheese, coffee and\nchocolate, will also receive duty-free access to Vietnam, subject to a\ntransition period of up to 16 years.<\/p>\n<p>The agreement also seeks to simplify and modernise customs\nprocedures. It provides for national treatment of investors in certain\nnon-services sectors, including agriculture, mining and manufacturing,\nsubject to some exceptions, and promotes transparency while reducing\ntechnical barriers to trade.<\/p>\n<p>Bilateral trade between Vietnam and EFTA member countries averages\nnearly US$2 billion a year. The Southeast Asian country mainly exports\nseafood, footwear, textiles, machinery and electronics, while its main\nimports include industrial equipment, chemicals, pharmaceuticals and\nproduction materials, according to the Vietnam News Agency.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/vietnam-and-efta-sign-free-trade-agreement-1792378255",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}