19/07/2015 10:56 GMT+7 Email Print Like 0

Vietnam fosters trade ties with Paraguay

Hanoi, July 18 (VNA) – Vietnam’s Trade Office in Paraguay met with local businesses in the framework of an international trade fair on July 17 in Paraguay with the aim of introducing Vietnamese goods to Paraguayan importers.

The trade representatives are looking to promote the export of Vietnamese footwear, electric home appliances, garments, rubber, coffee, cashew nuts and pottery and ceramic products to the South American market.

At the same time, the Trade Office also wants to seek Paraguayan partners who can sell high quality cows, soy bean, green bean, and cotton to Vietnam.

The annual Expo 2015 held in Asuncion drew the participation of 1,700 local and international exhibitors.

Last year, the event saw the signing of a great number of deals, worth a total of 200 million USD.

Paraguay is the world’s fourth largest exporter of soy bean and tapioca, and the sixth among the world’s top exporters of beef.

In 2014, trade value between Vietnam and Paraguay reached nearly 86 million USD, with Vietnam’s export to the nation exceeding 26 million USD, nearly doubling that of 2013.

For the first five months this year, Vietnam earned 26 million USD from exporting its products to the nation.
VNA/VNP