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Vietnam’s National Assembly Approves New Trade Deal With Europe

General Images of Hanoi Economy

Photographer: Brent Lewin/Bloomberg

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Vietnam’s parliament unanimously approved a free-trade agreement with the European Union that will scrap almost all tariffs on goods traded between the bloc and the Southeast Asian country.

The National Assembly’s vote followed approval by the European Parliament in February. The agreement is expected to go into effect as early as July after all governments approve it, according to the website of the Vietnam Chamber of Commerce and Industry.