Eu-Vietnam Partnership And Cooperation Agreement (Pca)

At the end of the negotiations, the way in which legal review and translation into the official languages of the EU and Vietnamese will begin is now clear. The Commission will then submit to the Council of Ministers a proposal for approval of the agreement and ratification by the European Parliament. The two sides also agreed to establish a mid-term review mechanism to ensure the effective implementation of the results achieved and to actively contribute to the strengthening of deep bilateral partnership and cooperation. The free trade agreement establishes a framework for resolving future disputes between the EU and Vietnam over the interpretation and implementation of the agreement. It applies to most areas of the agreement and is faster and more effective in many respects than the dispute settlement mechanism in the WTO. The agreements must now be ratified by the Vietnamese National Assembly and EU member states in the case of the Investment Protection Agreement. The EU believes that strengthening bilateral cooperation on global issues will contribute to peace and development in the region and the world. From the outset, the Commission`s approach has been to differentiate between the general dispute settlement procedure for the free trade agreement and the procedure for the TSD chapter, with greater emphasis on encouraging partner countries to adopt a gentle approach to cooperation with the Union, through consultations between governments and common platforms. [31] In its informal document on the TSD chapters of free trade agreements published in 2017, the Commission stressed that “this approach has helped to strengthen existing multilateral governance structures rather than creating parallel bilateral rules for work.” [32] However, it also acknowledged that subsequent implementation practices have many concerns, not least because of the lack of resource allocation and the insufficient use of cooperation with international bodies. The issue was raised in the 2017 statement on whether the introduction of a sanctions regime for non-compliance with the TSD chapter, based on the way Canada and the United States enter into free trade agreements with their partners, or through the imposition of fines or the withdrawal of trade concessions, would have a positive impact on implementation. In its resolution of 5 July 2016, the European Parliament called for the possibility of a sanctions regime as a last resort in the event of non-compliance with labour standards.

[33] However, in a 2018 non-publication document, the Commission stated that there was no consensus in favour of such regulation and that it was not in line with the EU model. According to him, “the EU would be `compensated` for such an infringement, but [it] would not guarantee that this would lead to an effective, sustainable and sustainable improvement of the most important social standards on the ground”.” [34] The EU has therefore always focused on cooperation, communication and incentives. The agreement will add new GIs in the future. To promote such cooperation, the TSD EU-Vietnam chapter provides, in Article 13.15, for the designation of a point of contact within the administration of each party and the creation of three (groups of) different groups of bodies with different competences. First, the Committee on Trade and Sustainable Development (hereafter the committee), made up of senior officials from the relevant administrations of each party.