Deputy Minister of Industry and Trade Do Thang Hai (centre) poses for a group photo with participants of the meeting in Hanoi (Photo: VNA) Hanoi – Despite there being no commitments on services and investment in the Vietnam – Chile Free Trade Agreement (FTA), the pact has nonetheless been a boost to trade and economic ties between the two countries. The view was shared at the fourth meeting of the Vietnam – Chile free trade council, which was held online and chaired by Deputy Minister of Industry and Trade Do Thang Hai and Vice Minister of Trade at Chile's Ministry of Foreign Affairs, Rodrigo Yanez. According to the Ministry of Industry and Trade's European – American Market Department, the two countries have enjoyed robust relations over the years. Despite the difficulties posed by the COVID-19 pandemic, two-way trade in 2020 topped 1.28 billion USD, up 4.43 percent year-on-year and 2.5-fold higher than the figure recorded in 2013, prior to the FTA coming into effect. Chile is now one of Vietnam's four largest trade partners in Latin America, while Vietnam is the largest trade partner of Chile in ASEAN. Trade in goods in the first four months of this year rose… Read full this story
- Strengthening ties: Turkey expects boost to trade after FTA
- Gap widens: Pakistan’s trade deficit with South America continues to rise
- Pakistan’s trade deficit with South America continues to rise
- APEC summit: Free trade in Asia in the age of protectionism
- Brexit trade deals: Will the UK fill the TPP gap left by the US?
- Pacific Rim countries sign sweeping free trade agreement
- Free trade agreements struggle to convince on social, environmental standards
- APEC: Donald Trump stresses ties with Asia-Pacific, but calls for 'better' trade deals
- Final version of Trans-Pacific trade deal released, rules pushed by U.S. on ice
- Rebalancing Trade: China to facilitate Pakistan’s exports
FTA providing impetus for Vietnam - Chile trade have 303 words, post on www.vir.com.vn at May 7, 2021. This is cached page on VietMaz. If you want remove this page, please contact us.