Project Title: European Trade Policy and Investment Support Project (EU-MUTRAP)

Budget: 16.5 mil euro (EU contribution of 15 mil euros)

Executing Authority and Implementing Agency: Ministry of Industry and Trade (MOIT)

Project Duration: from 20 September 2012 to 31 January 2018

Overall objective: to further Vietnam’s integration into the global, ASEAN and sub-regional trading systems and to enhance EU-Vietnam trade and investment relations, maximizing the benefits for the country's economic development, inclusive growth and poverty reduction.

Project purpose: to support the Ministry of Industry and Trade in facilitating sustainable international trade and investment through improved capacity for policy making, policy consultation, and the negotiation and implementation of related commitments, particularly vis-à-vis the EU.

Main results:

5 main envisaged results of the project are:

1. EU-Vietnam trade and investment relations are strengthened through enhanced dialogue and co-operation, and the negotiation and implementation of a future EU-Vietnam FTA

2. The institutional capacity for the negotiation and implementation of multilateral, regional and sub-regional trade commitments is strengthened;

3. Investment policy frameworks are improved, with a particular focus on the environmental and social issues in trade and investment related policies and legislation;

4. The access to information, regulations and market opportunities relative to Vietnam’s international trade and investment commitments is improved; with the increased stakeholders participation in the trade and investment policy development process; and enhanced capacity among SMEs to comply with European market access requirements; and

5. EU-VN dialogue in economic areas of the Framework Agreement on Comprehensive Partnership and Cooperation (PCA) is supported; and flexible assistance is provided to address important urgent trade issues.