(VOVworld) – Vietnam and the EU have made great efforts to push for the signing of the EU-Vietnam Free Trade Agreement (FTA) by mid-2015.

The conclusion of FTA will stabilize the relations between Vietnam and EU member countries, said Bernd Lange, Chairman of the European Parliament’s International Trade Committee (Photo:vietstock)

The Chairman of the European Parliament’s International Trade Committee, Bernd Lange, made a statement at a press conference following the EU-Vietnam FTA negotiations which were held on Wednesday in Hanoi. Lange said both sides have agreed on several major issues and praised the clear commitments and roadmap that Vietnam had put forward during the negotiations: "If the agreement is concluded, I think that the footwear and textile sector will certainly benefit Vietnam. The agriculture sector will also boost Vietnamese exports. On the EU side, machinery, scooters, and cars will be the major export products. Of course, investment still remains the key issue, and will benefit both Vietnam and the EU. Climate change issues will soon be resolved after the agreement"