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Vietnam, UAE to cut most import tariffs under new trade deal

Vietnam and the United Arab Emirates and Vietnam have signed a comprehensive economic partnership agreement, Reuters is reporting. The agreement, when fully actioned, will see the UAE reduce tariffs on 99 percent of Vietnam’s exports to the Middle Eastern nation with Vietnam removing 98.5 percent of tariffs on goods arriving from the UAE.

Vietnam’s network of Free Trade Agreements–FTAs–has become a cornerstone of its economic strategy, enabling the country to integrate more deeply into the global economy and expand its trade partnerships. Over the past few decades, Vietnam has signed numerous bilateral and multilateral FTAs, positioning itself as a key player in regional and international trade.

See also: List of Vietnam’s Tree Trade Agreements

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