PM Chinh expects Vietnam - Canada trade turnover of US$10 billion

VOV.VN - Prime Minister Pham Minh Chinh has requested that Vietnam and Canada strive to further promote trade and investment ties in order to elevate their bilateral trade turnover to US$10 billion in the near future.

The request was made by the Vietnamese Government chief at a meeting held on May 20 with his Canadian counterpart Justin Trudeau as part of activities taking place during his ongoing business trip to Japan.

During the course of the meeting, the two PMs expressed their positive impressions about the good progress made in the Vietnam-Canada Comprehensive Partnership, in which trade co-operation represents a bright spot with last year’s bilateral turnover reaching over US$7 billion.

Amid the two countries celebrating their 50th anniversary of diplomatic relations which began back in 1973, both sides agreed to step up all-around linkages, with a particular focus on intensifying meetings, dialogues, and the exchange of delegations at all levels.

PM Chinh therefore proposed that the two sides continue to strengthen development assistance, respond to non-traditional security challenges, whilst enhancing people-to-people exchanges. He asked the Canadian side to co-operate in new areas such as digital transformation, green transformation, circular economy, innovation, and signed agreements to boost co-operation in areas where the two sides have strengths and needs.

The Vietnamese cabinet leader suggested that Canada continue to create favourable conditions in which Vietnamese goods can be further exported to the Canadian market.

He went on to express his hope that the Canadian Government would continue to support, offer the best possible conditions, and improve the legal status for Vietnamese people living, working, and studying in the host nation.

In response, PM Trudeau affirmed the importance of developing relations with Vietnam, highly appreciating the Vietnamese side’s increasing role and position in the international arena, which is clearly demonstrated by the fact that Japan and other G7 countries invited Vietnam to attend the expanded G7 summit. He emphasized that Canada fully backs the Vietnamese development path.

The two Prime Ministers said that the more difficult the crisis, the slower the recovery of the global economy, meaning more countries, including Canada and Vietnam, should seek to connect, co-operate, and support each other.

PM Trudeau hailed the contribution of the Vietnamese community in Canada to the host nation's development. The Canadian PM highly agreed with Prime Minister Chinh's proposals relating to measures to boost relations, including strengthening economic - trade relations with Vietnam within the framework of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Agreement and other frameworks.

PM Trudeau also asked Vietnam to support Canada in stepping up co-operation with ASEAN and the region.

He highly appreciated Vietnamese participation in the UN Human Rights Council and the two PMs emphasized that the two sides can discuss different issues through frank and sincere dialogues.

PM Trudeau stressed that his nation always upholds international law and a rules-based order whilst supporting ASEAN's stance on the East Sea.

As part of the occasion, PM Chinh cordially invited PM Trudeau to visit Vietnam soon. The Canadian PM thanked the Vietnamese PM for his invitation and expressed his wish to visit the country in the near future.

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