EU-US Trade Negotiations In February 2025, EU Trade Commissioner Maroš Šefčovič engaged in extensive discussions with US officials to address and mitigate potential trade conflicts. A primary focus was on avoiding the economic repercussions of unilateral tariffs. Šefčovič highlighted the EU’s interest in increasing imports of US liquefied natural gas (LNG) and noted a mutual willingness to reduce tariffs. These discussions involved key figures such as US Commerce Secretary Howard Lutnick and trade representative nominee Jamieson Greer. The overarching goal is to reach a mutually beneficial trade agreement that circumvents costly measures and countermeasures. 

EVFTA Business Matching: Latest Events and Impacts The EU–Vietnam Free Trade Agreement (EVFTA), in force since August 2020, has significantly deepened trade ties between Vietnam and the EU. Vietnam’s exports to the EU have surged by nearly 50% over the first four years of EVFTA, making Vietnam the EU’s largest ASEAN trading partner . To capitalize on this growth, various conferences and business matching events are being organized to connect companies, share market information, and address implementation challenges. Below is an overview of upcoming networking opportunities, insights from recent events, key benefiting industries, relevant policies, and the success stories and challenges businesses face under EVFTA.

Trade Performance • Total Trade Volume: Vietnam’s import-export turnover hit an all-time high of $786.29 billion, marking a 15.4%increase compared to 2023.  • Exports: The country achieved a record $405.53 billion in exports, up 14.3% year-on-year. Key export commodities included electronics, smartphones, and garments.  • Imports: Imports totaled $380.76 billion, reflecting a 16.7% rise from the previous year. The increase was partly due to heightened coal imports to prevent power shortages. 

In a significant development marking the 75th anniversary of diplomatic relations, Vietnam and the Czech Republic have officially upgraded their bilateral ties to a Strategic Partnership. This milestone was achieved during Vietnamese Prime Minister Phạm Minh Chính’s official visit to Prague from January 18 to 20, 2025, where he met with Czech Prime Minister Petr Fiala.  Key Highlights of the Strategic Partnership:...