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Intellectual -Property
Intellectual property in EVFTA: A premise for brand protection
That is the emphasis of the Minister of Industry and Trade Tran Tuan Anh at the Conference "Vietnam - EU Free Trade Agreement (EVFTA): Some important commitments in the field of intellectual property (IP) and things It should be noted” organized by the Ministry of Industry and Trade and the Ministry of Science and Technology in the morning of August 27 in Hanoi.


Minister of Industry and Trade Tran Tuan Anh spoke at the conference.

The conference was part of a series of common events and widely commented on the EVFTA Agreement before the Agreement was ratified by the Government to follow the statutory ratification procedures.

The conference is expected to bring a lot of useful information and knowledge to local management agencies, the Vietnamese business community in the field of intellectual property and businesses trading in goods have protected geographical indications, industry associations. Thereby, contributing to promoting the process of ratification and effective implementation of the EVFTA Agreement in the coming future.

Affirm the brand in the EU market

On June 30, 2019, the signing of the EVFTA Agreement officially went into history in the relationship between Vietnam and the EU. In particular, Vietnam is the second country in ASEAN and the first developing country in the region to sign FTA with EU.

This is the result of a long way, showing great strides to bring Vietnam from a latecomer country to the first group of leading countries in the region for the first time in the process of proactive international economic integration. Indeed, EVFTA is an agreement that is expected to make many positive contributions to export growth as well as the process of diversifying markets and export goods for Vietnam. With EVFTA, right after the Agreement comes into effect, 85.6% of goods, equivalent to 70.3% of Vietnam's exports to the EU, will enjoy 0% tax. After 7 years, 99.2% of products will enjoy 0% tax, equivalent to 99.7% of Vietnam's export turnover.

However, according to Minister of Industry and Trade Tran Tuan Anh, the signing of the Agreement is only the beginning of a new journey. "There is still a lot of work to be done to bring practical benefits to the people and businesses of both sides" - Minister Tran Tuan Anh emphasized.

Reportedly, the Ministry of Science and Technology has completed the proposal to build a law to amend the Intellectual Property Law, which is expected to be submitted to the Government in October.

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