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Vietnam Business » Vietnam Trade News » Vietnam, EU embark on forest product dialogue

Vietnam, EU embark on forest product dialogue

The agreement is expected to create conditions for Vietnams timber producers to improve their position in the EU market and increase their ability to adapt to EU market requirements regarding the legality of timber. The agreement aims to establish control and licensing procedures for timber producing and processing countries to ensure that only timber products derived from legally harvested timber enter the EU.

Vietnam and the EU will hold the first round of formal negotiations on a bilateral Voluntary Partnership Agreement (VPA) for Forest Law Enforcement, Governance and Trade (FLEGT) in Hanoi by late November.

At the first VPA preparatory meeting on August 16, both sides raised hopes that the negotiations will conclude with the signing of a voluntary partnership agreement by the end of 2012.

At the VPA preparatory meeting, Charge dAffaires of the EU delegation, Hans Farnhammer, emphasised the importance of the agreement. He said, "We do hope that the signing of the FLEGT Voluntary Partnership Agreement will help to further strengthen the position of Vietnams timber and timber products in the EU market. The forthcoming negotiations are witness to Vietnams commitment to meeting EU consumer demands as well as fighting climate change".

Deputy Minister of Agriculture and Rural Development, Hua Duc Nhi, said, "This is the first step to ensure the export of timber and timber products from Vietnam to the EU continues smoothly in years to come. In the long run, the VPA will give legal certainty and bankable guarantees to exporters, importers and investors in the timber sector wanting to trade with the EU".

The FLEGT will come into force from January 2012, demanding the transparency of forest products in all fields, from exploitation to end-products, so the EU can trace the origin of raw materials.

The EU has so far signed FLEGT VPAs with three African countries and is negotiating with several others in Asia.

Vietnam Business And Financial News Network. Source [english.vietnamnet.vn]

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