Vietnam, New Zealand Coordinate to Exploit FTAs More Effectively

New Zealand Ministry of Foreign Affairs and Trade Deputy Secretary, Vangelis Vitalis, met with his Vietnamese counterpart, Ministry of Industry and Trade Deputy Minister, Phan Thi Thang, to traverse the broad range of issues that connect the two countries, from free trade agreements to regional and multilateral cooperation. Source: New Zealand's embassy in Hanoi
New Zealand Ministry of Foreign Affairs and Trade Deputy Secretary, Vangelis Vitalis, met with his Vietnamese counterpart, Ministry of Industry and Trade Deputy Minister, Phan Thi Thang, to traverse the broad range of issues that connect the two countries, from free trade agreements to regional and multilateral cooperation. Source: New Zealand’s embassy in Hanoi

There is great potential for Vietnam and New Zealand to further strengthen cooperation in terms of trade, industry and investment, said Deputy Minister of Industry and Trade Phan Thi Thang at the 8th meeting of the Vietnam-New Zealand Joint Trade and Economic Commission (JTEC) held in Hanoi on May 23, VNA reported Tuesday.

Co-chaired by Thang and Deputy Secretary for Foreign Affairs and Trade of New Zealand Vangelis Vitalis, the meeting focused on reviewing bilateral cooperation in trade, investment, agriculture, education and training, tourism, aviation, and labor.

The two sides applauded the efforts and close cooperation between ministries and sectors of both sides in implementing agreements on economic and trade cooperation signed by the two countries’ leaders.

Trade between Vietnam and New Zealand has grown strongly since the two countries established the comprehensive partnership in 2009, with an annual average growth rate of 14.2%.

Deputy Secretary Vitalis and Deputy Minister Thang agreed, at the conclusion of the Joint Trade and Economic Commission (JTEC) meeting, that in the context of challenging economic trends, partnerships like ours really matter.
Deputy Secretary Vitalis and Deputy Minister Thang agreed, at the conclusion of the Joint Trade and Economic Commission (JTEC) meeting, that in the context of challenging economic trends, partnerships really matter. Source: New Zealand’s embassy in Hanoi

Vietnam is now New Zealand’s 13th largest trade partner. The two-way trade hit USD 1.2 billion in 2022, up 14% year-on-year.

New Zealand has so far had 39 valid direct investment projects in Vietnam with a total registered capital of over USD 209.7 million, ranking 39th among 143 countries and territories investing in Vietnam.

Meanwhile, Vietnam has 11 investment projects worth USD 38.4 million in New Zealand, mainly in the fields of the processing and manufacturing industry, wholesale and retail, and accommodation service.

The two sides agreed to strengthen bilateral cooperation in trade, investment, and economy, including multilateral trade negotiations, agriculture and agribusiness, clean technology, development of agricultural supply chain, education, aviation, and tourism.

Vietnam and New Zealand set a goal to lift their trade turnover to USD 2 billion by 2024.

Both sides welcomed the completion of the market opening process for Vietnam’s lime and pomelo, and New Zealand’s squash and strawberry in late last year.

The two sides sign a document approving bilateral commitments at the meeting. Photo: VNA
The two sides sign a document approving bilateral commitments at the meeting. Photo: VNA

The Vietnamese side suggested relevant ministries, sectors and agencies of New Zealand closely coordinate and provide detailed instructions on procedures to facilitate businesses of the two countries to tap the new import-export opportunity.

Discussing cooperation in multilateral frameworks, the two sides agreed to continue to coordinate and support each other in cooperation mechanisms and frameworks such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Regional Comprehensive Economic Partnership (RCEP) Agreement, the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), and the Asia-Pacific Economic Cooperation (APEC) forum.

Hannah Nguyen

The post Vietnam, New Zealand Coordinate to Exploit FTAs More Effectively appeared first on Vietexplorer.com.

View more from VietExplorer:

Ravishing flower seasons in Da Lat in November
Introducing indigenous culinary culture of Central Highlands through “Basaltic cuisine” program
Hanoi launches photo book “Temple of Literature”
Exploring the Beautiful Van Hoa Plateau in Southern Vietnam
Top 5 quirky Vietnamese foods not for the fainted heart
Gender Imbalance in Vietnam – Why it matters?
Xoi – the quintessential comfort food
Vietnam likely to become super-aging country by 2050: deputy minister
Stunning images of perilous passes in Ha Giang
German data portal: Adult gamers in Vietnam reach the highest number in the world
Hanoi daisy gardens attract visitors
Cong ethnics celebrate cockscomb flower festival
Hanoi’s iconic pagoda given a new look with VR technology
Binh Dinh restores agriculture post-flooding
Unique traditional New Year of the Ha Nhi ethnic in the upstream of the Da River
HCM City plans pedestrianised area expansion
Vietnamese noodle soup – version of Can Tho
Mui Nghe (Da Nang), a feast for the eyes
UNICEF, partners mount video challenge to encourage green action in Vietnam
Who dares to say Saigon has no autumn?

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Vietnam – Australia Friendship Food and Culture Festival Held in Hanoi

Hình ảnh
Delegates at the event. Source: hanoimoi.com.vn On the occasion of the 50th anniversary of the establishment of diplomatic relations between Vietnam and Australia, on May 31, the Hanoi’s Vietnam – Australia Friendship Association, the Hanoi College of Commerce and Tourism in collaboration with the Hanoi Culinary – Tourism and Fashion Vocational School organizes a Vietnam – Australia Friendship Cultural and Culinary Festival, NDO reported. The event was attended by Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen and Australian Ambassador to Vietnam Andrew Goledzinowski. Speaking at the festival, the Director of the Department of Education and Training, Chairman of the Hanoi’s Vietnam – Australia Friendship Association, Tran The Cuong said that in 2023, Vietnam and Australia are actively coordinating to prepare activities to mark the 50th anniversary of the establishment of Australia – Vietnam diplomatic relations and the 5th anniversary of the establishmen...
Đọc thêm

Serbia vs Switzerland World Cup 2022: Date & Time, Match Preview, Team News, Prediction

Hình ảnh
Switzerland and Serbia meet on Friday in what is effectively another World Cup group-stage knockout match. With Brazil set to top Group G unless they suffer an upset against Cameroon, the two European sides meeting in this decider know only can pass into the last-16. A point should do for Switzerland, unless Cameroon shock the favourites, whereas at least a victory is required for Serbia in Doha. The Swiss have made the World Cup last-16 on four of their last five appearances at the tournament – although have not won a knockout tie since 1954. Date, kick-off time and venue Photo: Getty Images Serbia vs Switzerland is scheduled for a 7pm GMT kick-off on Friday December 2, 2022. The match will take place at Stadium 974 in Doha, Qatar. Serbia team news Serbia face an anxious wait over key defender Strahinja Pavlovic ahead of the crucial clash. The centre-back was forced to come off in the 3-3 draw against Cameroon with an injury but is hopeful he can recover in time....
Đọc thêm

Vietnam’s Square Wins Asian Townscape Awards 2022

Hình ảnh
Nguyen Tat Thanh Square in Tuyen Quang city of the northern province of Tuyen Quang. Photo: VNA Nguyen Tat Thanh Square in Tuyen Quang city of the northern province of Tuyen Quang has been ranked fifth among 11 outstanding landscape projects winning the Asian Townscape Awards 2022, VNA reported. Covering an area of over 8.5 ha, Nguyen Tat Thanh Square is an impressive work in both landscape and urban architecture. It also serves as a place for organising cultural, political and historical events. At the center is the “Uncle Ho and the people of ethnic groups in Tuyen Quang province” monument. In front is a group of 7 figures, in which the statue of Uncle Ho is in the central position, 7.9m high; surrounded by characters representing the armed forces, children, young people, women, workers and intellectuals, simulating Uncle Ho’s visit and talk with the people of Tuyen Quang ethnic groups in March 1961. Behind is a relief of the symbol of Tan Trao banyan tree, a historica...
Đọc thêm