Exchange and promote economic-trade cooperation between Vietnam and New Zealand | Business

2023-05-23 15:27:19

Deputy Minister of Industry and Trade Phan Thi Thang and New Zealand Deputy Minister of Foreign Affairs and Trade Vangelis Vitalis co-chaired the meeting. (Photo: Tran Viet/VNA)

Vietnam and New Zealand are both dynamic economies and are implementing very strong reform measures to promote their inherent advantages and potentials to increasingly integrate into the world economy. The two countries have great potential to strengthen cooperation in the fields of trade, industry and investment.

This information was emphasized by Deputy Minister of Industry and Trade Phan Thi Thang at the 8th meeting of the Vietnam-New Zealand Joint Committee on Economy and Trade (JTEC) held on May 23 at the headquarters of the Ministry of Industry and Trade. .

The 8th session of the Vietnam-New Zealand Joint Committee on Economy and Trade (JTEC) was chaired by Deputy Minister Ministry of Industry and Trade Vietnam Phan Thi Thang and New Zealand Deputy Minister of Foreign Affairs and Trade Vangelis Vitalis co-chaired.

According to the Ministry of Industry and Trade, the 8th session of the Vietnam-New Zealand Joint Committee on Economy and Trade (JTEC) is one of the important cooperation mechanisms to exchange and promote economic cooperation. – Trade between the two countries.

Since the meeting Joint Committee For the 7th time in October 2020, the relationship between Vietnam and New Zealand has made remarkable developments.

At this meeting, Vietnam-New Zealand continue to review bilateral cooperation in the fields of trade, investment, agriculture, education and training, tourism, aviation, labor…

[Làm sâu sắc hơn quan hệ Đối tác chiến lược Việt Nam-New Zealand]

The two sides highly appreciated the efforts and close cooperation between ministries and branches in implementing agreements between the two countries’ senior leaders in the field of economy and trade.

The two sides recognized that the bilateral trade turnover between Vietnam and New Zealand in 2022 will continue to grow strongly, reaching 1.2 billion USD, up 14% compared to 2021 and agreed to continue promoting cooperation activities. , striving to achieve the target of 2 billion USD in trade turnover by 2024.

In terms of trade, Vietnam continues to be Commercial Partner 13th largest (ranked 5th in ASEAN) of New Zealand. Trade exchange between Vietnam and New Zealand has grown positively since the two countries established the Comprehensive Partnership in 2009 with an average growth rate of 14.2% per year, reaching $1.4 billion per year. 2022.

Up to now, New Zealand has 39 valid direct investment projects in Vietnam with a total registered capital of 209.75 million USD, ranking 39th out of 143 countries and territories with foreign direct investment in Vietnam. Vietnam.

Meanwhile, Vietnam has 11 investment projects in New Zealand with a total registered capital of 38.4 million USD, focusing on the following fields: processing and manufacturing industry; Wholesale and retail; auto repair; Lodging…

With that goal in mind, the two sides agreed to strengthen bilateral cooperation in the fields of trade, investment and economy, including multilateral trade negotiations, agriculture and agribusiness, clean technology, and development. development of supply chains for agricultural products, education, aviation and tourism.

At the end of the meeting, the two sides signed a minutes to ratify bilateral commitments. (Photo: Tran Viet/VNA)

At the meeting, leaders of the two sides also welcomed the completion of the market opening process for Vietnam’s lemons and grapefruits, and New Zealand’s squash and strawberries by the end of 2022.

In order to take the next steps in promoting Vietnam’s lemon and pomelo exports, Vietnam also proposed the two sides (Vietnam’s Ministry of Agriculture and Rural Development, New Zealand’s Ministry of Basic Industries). closely coordinate and widely inform the business communities of the two countries about this import-export opportunity, and at the same time guide in detail the processes and procedures to facilitate businesses of the two countries to exploit new opportunities.

Besides the content of bilateral cooperation, the two sides exchanged a number of cooperation issues 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 Agreement and the Comprehensive Economic Partnership Agreement. Regional Economic Cooperation (RCEP), ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), Asia-Pacific Economic Cooperation Forum (APEC).

Uyen Huong (VNA/Vietnam+)