The European Union and Vietnam signed a free trade agreement and an investment protection deal, which will boost Vietnamese aquaculture exports, reports Vietnam News.

The EU-Vietnam Free Trade Agreement (EVFTA) will cut tariffs on the majority of goods traded between the two parties, while the Europe-Vietnam Investment Protection Agreement (EVIPA) oversees fair treatment of businesses and investors.

EVFTA is expected to up Vietnamese exports to the European Union by 4 to 6 percent with an aim of reaching $75 billion (€66.23