Vietnam supports APEC mining cooperation initiatives
(VOV) - Vietnam backs stronger cooperation efforts in the mining industry with regard to trade exchange and investment cooperation, to realise the Bogor goals and the goals of APEC member states.
Vietnamese Deputy Minister of Industry and Trade Cao Quoc Hung made the statement at the fifth APEC Ministers Responsible for Mining (MRM) Meeting, which opened in Beijing, China, on June 27.
In line with the 2013 Bali Declaration, Vietnam supports and promotes this cooperation mechanism on the basis of mutual benefit and respect for international law, to ensure peace, stability, and prosperity in the Asia – Pacific region, Hung said.
Vietnam strengthens mining cooperation with other APEC member states, he said, adding that the country has developed joint projects with Russia, China, Japan and the Republic of Korea.
An APEC member, Vietnam wants to learn about regional economies’ experiences and observe advanced technology towards ‘green exploitation’, environmental protection, and energy conservation, Hung said.
At the meeting, representatives from 20 APEC member states said exploiting mineral resources helps maintain regional development and prosperity.
They said the development, trading and use of minerals and ores plays an important role in boosting socio-economic development, generating jobs, reducing poverty, improving infrastructure, and narrowing the development gap in the region.