Illustrative image (Source: VNA)Beijing (VNA) – Minister of Industry and TradeTran Tuan Anh has held a working session with head of China’s General Administration of Customs Ni Yuefeng to seek ways to boost bilateraltrade ties in a more balanced and sustainable manner.
The two sides agreed that thanks to the attention anddirection of senior leaders of both countries, economic and trade cooperationbetween Vietnam and China has grown rapidly and seen fruitful outcomes over theyears.
They noted that Vietnam’s trade deficit with China has beendecreasing, but has yet to be sustainable, thus requiring more effectivemeasures to narrow it down.
They affirmed the significant role of cooperation in farmproduce trading, and agreed to continue to further facilitate the trade of theproducts in the coming time.
Alongside, the two sides agreed to closely work together in implementingthe protocol on opening the Chinese market for Vietnamese dairy products andmangosteen, which has been signed recently.
The Chinese GeneralAdministration of Customs will work closely with theVietnamese side to continue conducting procedures to evaluate risks fordurians, passion fruit, avocados, grapefruit, coconuts, custard apples, and Javaapples and other products such as sweet potatoes and bird nests from Vietnam.
Recognising thatChina is an important export market for Vietnamese rice, the two sides agreedto continue applying suitable measures to manage rice quality and ensure the stableand sustainable development of rice export activities to China.
Minister TranTuan Anh and head of China’s GeneralAdministration of Customs NiYuefeng promised to assign relevant agencies of the two sides to draft amemorandum of understanding on building mechanisms to foster Vietnam-Chinatrade ties.
Statistics from the customs of Vietnam showed that in 2018,Vietnam-China trade reached 106.7 billion USD, up 13.5 percent year on year.Vietnam exported 41.26 billion USD worth of goods to China and imported 65.43billion USD worth of goods from the market.
During his stay in Beijing, Minister Anh, who accompanied Prime Minister Nguyen Xuan Phuc to thesecond Belt and Road Forum (BRF) for International Cooperation onApril 25-27, attended a thematic forum on trade connectivity at the secondBRF.-VNA
VNA
