Vietnam, Israel speed up signing of FTA to boost exports
VOV.VN - Minister of Industry and Trade Nguyen Hong Dien hosted a meeting on May 19 alongside Israeli Ambassador to Vietnam Yaron Mayer to update both sides on the legal review of documents under the free trade agreement (FTA) between the two countries, as well as other legal procedures as they prepare for the signing.
Accordingly, Minister Dien affirmed that the Vietnamese side will continue to actively co-operate alongside Israel in order to put the trade pact into effect soon and bring practical benefits to businesses of both sides.
With regard to other bilateral trade issues, Minister Dien suggested that the two countries continue to strengthen co-operation in accelerating trade and investment promotion, send businesses to attend trade events, as well as actively building a mechanism for sharing information on policies and technical regulations in order to facilitate import and export activities moving forward.
Furthermore, the Vietnamese Minister underlined the need to augment co-operation in the fields such as high-tech equipment, biotechnology, agricultural product processing, food, as well as expanding co-operation in potential fields for mutual benefits.
Minister Dien called for Israeli businesses to invest more in industrial production projects, especially high-tech, biotechnology and information technology, consumer and food industry, industrial environment treatment, start-ups, innovation, vocational training, and technology transfer.
