The United Kingdom–Vietnam Free Trade Agreement (UKVFTA) is a free trade agreement between the
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...
and
Vietnam
Vietnam, officially the Socialist Republic of Vietnam (SRV), is a country at the eastern edge of mainland Southeast Asia, with an area of about and a population of over 100 million, making it the world's List of countries and depende ...
. It was signed prior to the
withdrawal of the United Kingdom of the European Union as a
Continuity trade agreement in order to protect trade and investment between the two parties as the UK would no longer be a party of the
European Union–Vietnam Free Trade Agreement.
The agreement replicates the European Union–Vietnam FTA terms with minor changes.
Trade value between the United Kingdom and Vietnam was worth £7,057 million in 2022.
See also
*
Economy of the United Kingdom
The United Kingdom has a highly developed social market economy. From 2017 to 2025 it has been the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), tenth-largest by purchasing power parity (PPP), ...
*
Economy of Vietnam
The economy of Vietnam is a developing economy, developing Mixed economy, mixed socialist-oriented market economy. It is the List of countries by GDP (nominal), 33rd-largest economy in the world by nominal gross domestic product (GDP) and the L ...
*
Free trade agreements of the United Kingdom
Following its Brexit, withdrawal from the European Union on 31 January 2020, the United Kingdom began negotiations on several free trade agreements to remove or reduce tariff and non-tariff barriers to trade, non-tariff barriers to trade, both ...
*
Free trade agreements of Vietnam
Vietnam, although a relatively young and small nation, has successfully established trade relations with dozens of countries worldwide. This is especially evident in the number of free trade agreements (FTAs) that the country has signed and is par ...
*
United Kingdom–Vietnam relations
United may refer to:
Places
* United, Pennsylvania, an unincorporated community
* United, West Virginia, an unincorporated community
Arts and entertainment Films
* ''United'' (2003 film), a Norwegian film
* ''United'' (2011 film), a BBC Two f ...
References
{{DEFAULTSORT:United Kingdom-Vietnam Free Trade Agreement
Treaties of the United Kingdom
Treaties of Vietnam
2020 in Vietnam
2020 in the United Kingdom
2021 in Vietnam
2021 in the United Kingdom
Treaties concluded in 2020
Treaties entered into force in 2021
Economy of Vietnam
Economy of the United Kingdom
Free trade agreements of the United Kingdom
Free trade agreements of Vietnam
Foreign relations of the United Kingdom
Foreign relations of Vietnam