Vietnam wishes to strengthen its comprehensive partnership with Chile across various fields, especially in economics, trade, and investment, Deputy PM Vuong Dinh Hue has affirmed. Deputy PM Vuong Dinh Hue (left) at a working session with Chilean Foreign Minister Roberto Ampuero Espinoza - Photo: VGP The deputy PM, who is on an official visit to Chile, made the remark at a working session with Chilean Foreign Minister Roberto Ampuero Espinoza on July 4 (local time), during which he hailed Chile as a leading partner of Vietnam in Latin America. Politburo member Hue stated that his visit aims to effectively implement the cooperation mechanisms between the two Governments and their ministries and sectors, while jointly promoting the swift ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and consistently realizing the liberation of trade in order to create the most favorable conditions for businesses of both sides to access each … [Read more...] about Vietnam, Chile look to facilitate free trade, investment
Economics free trade
VN, Chile seek to boost free trade, investment
Photo: VGP During his working session with Chilean Foreign Minister Roberto Ampuero Espinoza on July 4, Politburo member Hue, who is on an official visit to Chile, hailed Chile as a leading partner of Viet Nam in Latin America. Minister Espinoza stressed Chile’s appreciation of Viet Nam’s role in Southeast Asia, agreeing to join Viet Nam in promoting free trade and investment, supporting small and medium-sized enterprises, and strengthening people-to-people exchange. The two sides agreed to make closer cooperation to contribute to Chile’s successful organization of the APEC Year 2019, as well as effective coordination at other multilateral forums. They also discussed a number of regional and international issues of mutual concern, including maritime and aviation freedom, security and safety, and the strict compliance with international laws in the East Sea. Meeting with Chilean Finance Minister Felipe Larrain Bascuñan, Deputy PM Hue congratulated … [Read more...] about VN, Chile seek to boost free trade, investment
Brussels workshop talks about EU-Vietnam Free Trade Agreement
Vietnamese Ambassador to Belgium Vu Anh Quang (L) and Member of the European Parliament Jan Zahradil at the workshop (Source: VNA) Brussels (VNA) – The Vietnamese Embassy in Belgium, in collaboration with the European Union (EU), the EU-Vietnam Friendship Parliamentians' Group and the European Institute for Asian Studies, held a workshop in Brussels on June 20 to speed up the signing and ratification of the EU-Vietnam Free Trade Agreement (EVFTA). Speaking at the event, Vietnamese Ambassador Vu Anh Quang stressed the positive results of economic, trade and investment cooperation between Vietnam and the EU, calling for the union’s strengthened collaboration with Vietnam and the Association of Southeast Asian Nations (ASEAN). According to him, the EVFTA is a balanced document that benefits both the EU and Vietnam and has big influences on bilateral political, economic, trade and investment ties. The agreement will help EU companies access the 90-million-people strong … [Read more...] about Brussels workshop talks about EU-Vietnam Free Trade Agreement
Vietnam is big winner of free trade deals
The clinched free trade agreements (FTAs) has opened the door wider for Vietnamese goods to enter foreign markets, helping the country improve trade balance with its trade partners. The clinched free trade agreements (FTAs) has opened the door wider for Vietnamese goods to enter foreign markets. Before 2007, Vietnam was involved in only two free trade deals as member of the Association of Southeast Asian Nations (ASEAN): the ASEAN-China and the ASEAN- Republic of Korea (RoK) pacts. After that, the country signed several more deals, including those with Japan and Chile. Particularly, in 2015, Vietnam concluded negotiations with the US in the Trans-Pacific Partnership, with the EU on the Vietnam-EU free trade agreement and with Russia on the Vietnam- Eurasia Economic Union free trade agreement. The same year, the country concluded bilateral FTA talks with the RoK. Vietnam is one of the countries with the most FTAs in the world. It has signed a total of 17 trade deals, of … [Read more...] about Vietnam is big winner of free trade deals
EU, Mexico reach agreement on free trade deal
The EU and Mexico said on Saturday (Apr 21) they had reached an "agreement in principle" to modernise an existing free trade deal, as the Latin American country faces pressure from protectionist measures threatened by US President Donald Trump. The EU and Mexico released a statement, about an "agreement in principle" over trade, from EU Trade Commissioner Cecilia Malmstrom (L), Mexico Economy Minister Ildefonso Guajardo Villarreal (R) (seen in 2017) and EU Agricultural Minister Phil Hogan. (Photo: AFP/Pedro Pardo) Under the updated terms of the 2000 deal, "practically all bilateral trade in goods will now be duty-free, including in the agricultural sector," the European Commission, the EU's executive arm, said in a statement. The move is seen as sending a strong signal to Trump who last year launched renegotiations of what he has previously referred to as Mexico's "cash cow" - the North American Free Trade Agreement (NAFTA). The US leader's threat to even axe NAFTA altogether … [Read more...] about EU, Mexico reach agreement on free trade deal