20/11/2015 15:36 GMT+7 Email Print Like 0

Vietnam – New Zealand Target Bilateral Trade at 1.7 Billion Dollars

During his official visit to Vietnam from November 14-17, 2015, the Prime Minister of New Zealand John Key and Vietnamese leaders agreed to strengthen multifaceted cooperation and target a bilateral trade of 1.7 billion dollars in 2020. 
The two sides announced in a joint statement reaffirming the importance of fostering cooperation for mutual benefit in all aspects, including agriculture and agricultural commerce, education, aviation, tourism, clean technology, management of the environment and natural disaster risks.

They committed to encourage their businesses to make use of opportunities afforded by the TPP (Trans-Pacific Partnership) and the AANZFTA (ASEAN-Australia-New Zealand Free Trade Agreement) and establish a new trade partnership mechanism at the government level with the aim of bringing bilateral trade to 1.7 billion dollars in 2020.

Prime Minister Nguyen Tan Dung receives  Prime Minister of New Zealand John Key. Photo: Duc Tam/VNA
The two prime ministers witness the cooperation agreement on civil aviation. Photo: Duc Tam/VNA

On the occasion, Prime Minister John Key proclaimed ideas of growing safe vegetables with a total capital of 5.6 million dollars in 5 years; reinforcing assistance on intelligence and technology through scholarships, short term training courses and English courses for Vietnamese cadres; cooperating on the second phase of a project on dyke safety under natural disaster risk management.

The leaders underlined the importance of parties in ensuring peace, stability, security, safety and freedom of maritime and aviation in the East Sea, implementing the international law, including the 1982 UN Convention on the Law of the Sea (UNCLOS). The two nations called for related parties to fully implement the Declaration on the Conduct of Parties in the East Sea (DOC), restrain themselves and refrain from taking any acts that can further intensify tension in the region such as the use of force or threat to use force to unilaterally change the status quo.  They also agreed on the urgency of  building a Code of Conduct (COC) on the East Sea.

Within the framework of the official visit, Prime Minister Nguyen Tan Dung and his New Zealand’s counterpart John Key witnessed the signing ceremony of cooperation agreements on civil aviation and health care and a plan on strategic cooperation in education.

Party General Secretary Nguyen Phu Trong meets with Prime Minister of New Zealand John Key. Photo: Tri Dung/VNA
State President Truong Tan Sang receives the Prime Minister of New Zealand John Key. Photo: Nguyen Khang/VNA

National Assembly Chairman Nguyen Sinh Hung meets with the  Prime Minister of New Zealand John Key. Photo: An Dang/VNA