Vietnam, Belarus aim for US$500 million in two-way trade

Tuesday, 2017-06-27 15:55:32
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President Tran Dai Quang (L) and Belarusian President Alexander Lukashenko at the welcome ceremony (Source: VNA)
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NDO/VNA – Vietnam and Belarus will work to increase bilateral trade to US$500 million, President Tran Dai Quang and Belarusian President Alexander Lukashenko told a press conference, held following their talks in Belarus’s capital city of Minsk, on June 27.

President Tran Dai Quang, who is in Belarus for an official visit from June 26-28, said he and his Belarusian counterpart had discussed measures to promote bilateral trade and improve their trade balance, while expanding investment cooperation, adding that the two sides underlined the importance of the free trade agreement between Vietnam and the Eurasian Economic Union.

The two Presidents also agreed to continue the Vietnam-Belarus cooperation programme in the fields of economy, science, education and culture for the 2016-2018 period. At the same time, the two nations will improve the working efficiency of the Inter-Governmental Committee, facilitate export-import activities, and expand industrial partnership, with a priority of putting the two countries’ joint-venture of automobile assembling and manufacturing into operation in Vietnam, as soon as possible.

According to the Vietnamese President, the two countries spoke highly of the trustworthy political ties founded and nurtured over the past 25 years since the establishment of diplomatic ties in 1992.

He said that he and Lukashenko agreed to maintain the regular exchange of all-level delegations, particularly those at high level, to foster ties all round, especially in economy-trade-investment.

They also vowed to work closely together at international forums such as the United Nations and the Non-Aligned Movement, contributing to defending the interests of each country, as well as the building of a peaceful, stable and prosperous world.

The two leaders were satisfied with the bilateral collaboration in national defence-security, and agreed to continue expanding joint work in other fields such as science-technology, education-training, culture, sports, tourism and labour.

President Quang expressed his wish that Belarus would continue providing support for Vietnamese nationals living in the country.

President Lukashenko said Belarus considers Vietnam a long-term cooperative partner, and the two sides have reached a consensus on boosting bilateral cooperation through the exchange of delegations and links between localities.

He highlighted the growth in bilateral economic-trade ties, stressing that the FTA between Vietnam and the Eurasian Economic Union will be the foundation for the two countries to achieve the goal of US$500 million in two-way trade, in the next few years.

He said both sides will work to increase Vietnam’s exports to Belarus, such as farm produce, machinery and automobiles, as well as increasing Belarus’s farming tractor supply to Vietnam, adding that they will also consider joint projects in each other’s territory.