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:

Two-in-one dried pho, Gia Lai province’s unique dish
Ca Mau’s pristine sites and cultural values magnet for tourists
Lighthouses affirm Vietnam’s sovereignty over seas and islands
Quang Ninh lifts ban, but Ha Long cruise ships still not operating
In Da Nang, there’s a house of hope for the homeless
Viewers can now watch 2021 Copa America on Ho Chi Minh City Television
Take your condoms home: social distancing and sex in the Olympic village
Early harvest season of peaches in Bac Ha Plateau
18 million Vietnamese play esports: white book
Vietnam vs UAE: ‘We Will Find a Way to Win’
Vietnamese student concocts herb-based drink as extra care for diabetics
Hanoi: Walkway around Truc Bach Lake ‘dresses up new clothes’
Buffalo meat dishes of the Thai ethnic group
Teacher and wholehearted love for Hawaiian guitar
Theatre tries to reach a young audience
Party chief chairs first meeting of Central Military Commission
Soccer – Skriniar lifts Slovakia to 2-1 win over 10-man Poland
Cooking smoked buffalo: a must-try dish of the Thai ethnic group
Little citizens on Truong Sa archipelago
Vietnam’s tranquility appears stunning under professional lenses

Comments

Post a Comment

Popular posts from this blog

Vietnam’s Banh Mi Impresses American Foodies

Image
Hughie’s on 18th Street West Houston, established in 2013, is one of many Vietnamese -American restaurants. This restaurant has switched to a “drive-through” style (the dining style of many Americans, customers drive to the window and receive food to take away, no need to step down) in 2020 to limit exposure to the Covid-19 virus. Vietnam 's Banh Mi Impresses American Foodies" style="max-width:100%; padding:0px; margin:0px;" title="Banh mi in America"> Photo: potatorolls.com Bringing banh mi to the U.S market Hughie’s owner Paul Pham told The New York Times he has opened a second restaurant a few kilometers away and will open a third next year. In his future plans, he will expand his business throughout Texas and possibly in other regions. According to Paul, the drive-through is a way to bring Vietnamese cuisine into the US fast food industry. He said that the number of Americans who love banh mi has gradually increased over the year. Tha...
Read more

Who Is Anton Zeilinger – One Of The Three Nobel Winner Of Quantum Physics?

Image
Photo: Wikipedia Anton Zeilinger is a professor of physics at the University of Vienna and a Senior Scientist at the Institute for Quantum Optics and Quantum Information at the Austrian Academy of Sciences. His research group has demonstrated a phenomenon called quantum teleportation, which makes it possible to move a quantum state from one particle to one at a distance. For Anders Irbäck, Chair of the Nobel Committee for Physics, “It has become increasingly clear that a new kind of quantum technology is emerging. We can see that the laureates’ work with entangled states is of great importance, even beyond the fundamental questions about the interpretation of quantum mechanics“. Together with Anton Zeilinger, John Clauser and Alain Aspect were also awarded the Nobel Prize in Physics 2022 “for experiments with entangled photons, establishing the violation of Bell inequalities and pioneering quantum information science“. Anton Zeilinger – Biography Photo: Uniwersyt...
Read more

Giant calligraphy hat breaks record as largest in Vietnam

Image
The work has been done on the initiative of Dao Thi Cam Suong, a calligrapher from Can Tho. The giant conical hat is made up of a total of 540 smaller conical hats, with calligraphy written on top. Suong has spent 89 days writing the calligraphy and finding connections to produce the finished product. The words written on the giant hat include sightseeing spots in Can Tho, folk songs, proverbs, poems, and the names of various provinces and cities across the country. She shares that the purpose of her work is to honour the beauty of the fatherland through pieces of calligraphy. Indeed, the giant hat is created from 540 small conical hats which themselves represent the country’s 54 ethnic minority groups. The diametre of the giant hat spans for more than eight metres, with the length from the tip to the brim roughly four meters and the length from the tip of the cone to the ground roughly six metres. The work has 14 rows of conical ha...
Read more