EFTA states including Norway and Switzerland sign trade pact with Vietnam
EFTA members including Norway signed a trade deal with Vietnam. Half of Norway's exports to Vietnam become tariff-free at entry, over 98% within seven years.
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what happened
Norway, together with fellow EFTA members Iceland, Liechtenstein and Switzerland, has signed a trade agreement with Vietnam. According to TradingView, which cites a statement from the Norwegian government, the document was made public on Sunday.
Once the pact takes effect, about half of Norwegian shipments to Vietnam will be exempt from duties, and more than 98% of goods will be duty-free within seven years. Talks that began in 2012 wrapped up in July.
why it matters
The deal took more than a decade to prepare and tariffs fall in stages, so its effect on trade flows and exporters' margins will build gradually. For markets it is a long-term factor, as costs for Norwegian and Swiss companies entering the Vietnamese market should decline over time.
tags
sources
- European countries including Norway, Switzerland sign free trade agreement with Vietnam — ru.tradingview.com, 18 October 2026 at 04:26 UTC
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