Vietnam-UAE Inter-Governmental Committee convenes 5th meeting in Hanoi
VOV.VN - Minister of Industry and Trade Nguyen Hong Dien and the United Arab Emirates (UAE)’s Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi co-hosted the fifth meeting of the Vietnam-UAE Inter-Governmental Committee in Hanoi on October 8.
The meeting was an important and significant event marking the 30th founding anniversary of the two countries’ diplomatic ties this year, Dien said.
Ahmed Al Zeyoudi said that the UAE Government always regards Vietnam as an important partner in the Asia-Pacific region, and wishes to strengthen cooperation with the country in all fields. He suggested the two sides to go ahead with close coordination in taking a host of measures to strengthen friendship and all-around cooperation in the coming time.
Both sides reviewed the outcomes of bilateral cooperation since the fourth meeting in 2019, and discussed issues of mutual concern as well as new solutions to promote the bilateral cooperation in all fields.
Regarding trade cooperation, the scale of two-way trade has been maintained at US$5 billion per year since 2019, helping Vietnam rank in the top 10 largest import partners of the UAE and in return, the UAE become one of Vietnam's largest trading partners in the Middle East region
They agreed that the two nations still boast huge potential to continue expanding and developing cooperation, especially in the context that both nations are actively promoting negotiations towards the signing of a Comprehensive Economic Partnership Agreement.
The two sides discussed and consented to actively promote the exchange of delegations at all levels, especially high-level ones, and continue to strengthen coordination and mutual support at multilateral forums and international organizations.
It is also essential to boost close coordination to review and improve the legal framework to offer favourable conditions for cooperation such as the comprehensive economic agreement, the agreement on cooperation and mutual support in customs, the agreement on extradition, and the agreement on transfer of sentenced persons.
Attention should be paid to studying investment and business cooperation opportunities in potential industrial and energy fields such as chemical production, fertilizer, textiles and footwear, electronics and mechanics, automobile, and energy.
On this occasion, Ahmed Al Zeyoudi held talks with Dien to discuss bilateral economic and trade cooperation.
