Vietnam, Indonesia look to lift two-way trade to 10 billion USD

Vietnam, Indonesia Presidents look to lift two-way trade to 10 billion USD

President Tran Dai Quang and Indonesian President Joko Widodo agreed to strive to bring two-way trade to 10 billion USD towards a trade balance during their talks in Hanoi on September 11.
Vietnam, Indonesia Presidents look to lift two-way trade to 10 billion USD ảnh 1At the talks (Source: VNA)
Jakarta (VNA) – President Tran Dai Quang andIndonesian President Joko Widodo agreed to strive to bring two-way trade to 10billion USD towards a trade balance during their talks in Hanoi on September11.

The Vietnamese President welcomed the first Vietnam visit byWidodo and expressed belief that the visit will make important contributions tofurther promoting the traditional friendship and strategic partnership betweenthe two countries.

Discussing bilateral ties, the two Presidents stressed theneed to further deepen the bilateral strategic partnership in a more practicaland effective way for the benefit of the two countries’ people, and for peace,cooperation and prosperity in the region and the world, in the context of deepchanges in the Asia-Pacific region in general and ASEAN in particular.

Both sides agreed to increase all-level visits via theState, government, National Assembly channels and people-to-people exchange; makeeffective use of bilateral cooperation mechanisms and share views on regionaland global issues of mutual interest.

They spoke highly of the signing of an action programme onrealising the bilateral strategic partnership for the 2019-2023 period, towardscelebrating the 10th anniversary of the establishment of strategicpartnership by 2023.

The Indonesian President took note of Vietnam’s proposal onremoving regulations on the rate of local content in Vietnam’s key export itemssuch as mobile phones, television, agro-forestry-fisheries, steel, constructionmaterial and, electrical equipment, making it easier for those products toenter the Indonesian market.

The two sides spoke highly of the outcomes of nationaldefence-security collaboration over the past years, especially theimplementation of the Memorandum of Understanding on strengthening cooperationbetween defence officials and related activities signed in 2010 and theDeclaration on Joint Vision on Defence Cooperation for the 2017-2022 period.They agreed to enhance cooperation between their navies and air forces, andpartnership in defence industry and crime prevention.

Host and guest consented to assign the technical task forcemeeting to accelerate negotiations on demarcation of the two countries’exclusive economic zones in line with international law, especially the 1982United Nations Convention on the Law of the Sea (1982 UNCLOS).

They affirmed that the issue of arrested fishermen andfishing vessels should be handled in an humanitarian spirit and in accordancewith the two countries’ friendship and international law.

On the occasion, they welcomed joint work to address illegalfishing, including the signing of a joint communiqué on voluntarily joining internationalcooperation in preventing illegal, unreported and undocumented fishing, andagreed to make efforts to soon reach a Code of Conduct at sea and sign amemorandum of understanding on marine and fishing cooperation.

The two leaders discussed measures to intensify links in thefields of energy, agriculture, culture, tourism, and in marine-based economy,marine sciences and environment, as well as build a consultation mechanism onmarine issues.

They committed to effectively carry out the agreement infarm produce and consider establishing joint ventures in aquaculture, woodprocessing and wooden furniture export, expanding tourism cooperation,especially sea and island tourism and soon launching the Hanoi – Jakarta directflights.

On regional and global issues of shared concern, the twoPresidents said both sides need to maintain consultation on issues regardingregional security and strategy, coordinate to build a united ASEAN,successfully realise the ASEAN Vision 2025, and enhance ASEAN’s central role inthe regional architecture and in dealing with strategic issues in the region.

The two sides pledged to work closely together atmultilateral forums, especially the United Nations, ASEAN, APEC and ASEM.

The two sides affirmed their consistent stances on the EastSea issue, including supporting the peaceful settlement of disputes in linewith international law, including the 1982 UNCLOS; refraining from the use offorce or threat to use force; fully respecting diplomatic and legal processes.They highlighted the importance of non-militarisation, refraining fromactivities that could cause or escalate tension, abiding by principles ofinternational law and widely-recognised standards.

The two leaders reaffirmed their support of the full and effectiveimplementation of the Declaration on the Conduct of Parties in the East Sea andacceleration of negotiations on a practical and effective Code of Conduct inthe East Sea.-VNA

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