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ASEAN, Canada to strengthen cooperation under new Plan of Action . - Illustrative image (Photo: https://asean.org/) Jakarta (VNA) – ASEAN and Canada reaffirmed commitment to strengthening cooperation under their new Plan of Action 2021-2025 in areas of mutual interests at the 9th ASEAN-Canada Joint Cooperation Committee (JCC) Meeting via videoconference. In this spirit, the meeting agreed to deepen collaboration in the areas of trade and investment; micro, small and medium enterprises (MSMEs) development; public health; innovation including entrepreneurship and start-ups; digital economy; education; gender equality; women, peace and security; and connectivity. cooperation programmes such as; the Canada-ASEAN Scholarships and Educational Exchanges for Development (SEED); the Canada-OECD Project for ASEAN SMEs (COPAS); and the “TRIANGLE in ASEAN initiative” to promote safe and fair labour migration. Taking note that next year marks the 45th Anniversary of the ASEAN-Canada Dialogue Partnership, Canada looked forward to engaging ASEAN on potential commemorative events./. VNA …

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People wear masks in the Philippines to guard against COVID-19 (Source: Xinhua/VNA) Hanoi (VNA) – Philippine President Rodrigo Duterte has extended partial lockdown in the capital until the end of March, as the country awaits the arrival of COVID-19 vaccines. In a statement on February 27, spokesperson of the Philippine President Harry Roque said the decision follows a report of 2,651 new virus infections, the highest daily increase in more than four months. The Philippines will be the last in the region to get its first shipment of vaccines, comprising 600,000 doses of Sinovac Biotech’s vaccines donated by China, to be delivered on February 28, and earmarked for healthcare workers and military troops. The country has the second largest numbers of COVID-19 cases and deaths in Southeast Asia. Health Ministry on February 27  announced the establishment of a security sub-committee to oversee all quarantine facilities nationwide. As of morning the same day, Cambodia recorded a total of 766 infection cases./. VNA …

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Prof. Dr. Andreas Stoffers - Country director, Vietnam The Friedrich Naumann Foundation for Freedom The United Kingdom is an important trading partner of Vietnam. In 2020, trade turnover between the two countries amounted to $6.6 billion. With $5.8 billion in exports, Vietnam’s trade balance was clearly positive, which also underlines the country’s strong interest in reaching an amicable agreement with the UK. In recent years, despite the uncertainties associated with Brexit, the growth of trade relations has been unbroken, averaging 12.1 per cent per annum in 2011-2019. The trade relations between the EU and Vietnam are naturally greater given the fact that the EU is the world’s largest market. In 2019, the EU was the second-most important overseas market for Vietnamese products with a total trade volume of $56.45 billion, of which Vietnam’s exports accounted for two-thirds ($41.55 billion). This is 16 per cent of the country’s total export volume. In 2020, exports to the EU increased to $34.8 billion, and imports to $14.5 billion. Vietnam benefits significantly more from bilateral economic relations than the EU. The continuous surplus Vietnam enjoys in its bilateral trade relations with the EU has been instrumental in offsetting Vietnam’s huge trade deficits with China and South Korea. Vietnam exports mainly electronics, footwear, clothing and textiles, coffee, seafood, and furniture. The most important goods of EU exports to Vietnam are high-tech products including boilers, machinery and mechanical products, electrical machinery and equipment, pharmaceuticals, and a very limited number of motor vehicles. The EVFTA opens many opportunities for producers and traders on both sides, including small- and medium-sized enterprises. The EVFTA is of course one of the most modern and far-reaching agreements of its kind. It plays an important role in promoting trade liberalisation between Vietnam and the EU. Combined with the new Law on Investment which …

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