Participants in the event, organised by the Cong Thuong (Industry & Trade) magazine, pointed out that in the third year of implementing the EU - Vietnam Free Trade Agreement (EVFTA), the country’s export advantages and results have been partly affected by the EU’s further application of high standards and increase of special requirements related to environment and sustainability for imports.

Ngo Chung Khanh, Deputy Director of the Multilateral Trade Policy Department at the Ministry of Industry and Trade, said sustainable development is a chapter of the EVFTA, and it covers environmental and labour aspects.

Unlike normal free trade agreements, sustainability forms a very important part of the EVFTA, so businesses exporting goods to the EU need to pay more attention to the issues mentioned in this deal, he went on.

Nguyen Hong Loan, an expert of the technical assistance project on impact assessment of the EU’s Carbon Border Adjustment Mechanism (CBAM), said the EU has long had very high environmental standards. These regulations have been tightened recently, starting with the approval of the European Green Deal that targets slashing the greenhouse gas emissions by 55% by 2030 compared to 1990 and achieving net zero emissions by 2050.

 Source: en.vietnamplus.vn/green-transition-an-urgent-need-for-sustainable-export-to-eu-confab/268231.vnp