Hanoi, Oct. 27 -- According to UK-based Trade Finance Global, the four member states of the European Free Trade Association (EFTA), namely Iceland, Liechtenstein, Norway and Switzerland, believe that a free trade agreement (FTA) with Vietnam will expand market access opportunities, reduce trade costs and provide a more stable and transparent framework for business and investment.

Regarding market access and trade benefits, the EFTA countries expect the agreement to gradually eliminate tariffs on almost all goods exported by the four countries to Vietnam, either upon its entry into force or within a maximum period of 16 years.

Asdis Olafsdottir, Head of Communications at the EFTA Secretariat, said the agreement will open up new opportuni...