Vietnam, UK seek to boost trade ties
Producing footwear for export (Source: VNA)
The UK always considers Vietnam as its important and potential trade
partner and wants to expand multifaceted cooperation with the Southeast Asian
nation, said British Secretary of
State for International
Trade Liam Fox.
At a meeting with Vietnamese Minister of Industry and Trade Tran Tuan Anh, who
paid a working visit to the UK from December 4-5, Fox reasserted the British Government’s
commitment to further boosting trade ties with Vietnam.
The two countries should
take new measures and initiatives to foster bilateral trade cooperation, he said.
his part, Anh affirmed that Vietnam has attached great importance to the
multifaceted strategic partnership with the UK, and has been making every effort
to promote bilateral cooperation.
and initiatives should focus on sharing information about import
policies, trade barriers and management of fake goods management as well as
increasing trade promotion and market studying activities, thus facilitating two-way
trade, he stressed.
The minister proposed the UK create favourable conditions for prestigious Vietnamese
exporters to join distribution networks in the UK, especially for ago-aquatic products,
textiles-garments and footwear.
highly evaluates the dialogue mechanism of the Vietnam-UK
Joint Economic and Trade Commission (JETCO), considering this as a useful
channel to regularly exchange measures and solutions to remove difficulties
10th session of JETCO is scheduled to take place in the UK in the
first quarter of 2018, focusing on ways to encourage the participation of
businesses in JETCO and to enhance cooperation among localities of the two
and trade relations between Vietnam and the UK have been developing fruitfully in
recent years, with two-way trade hitting 5.62 billion USD in 2016, up 4.3 percent
year-on-year. The UK is now the third largest trade partner of Vietnam in Europe
after Germany and the Netherlands.-VNA