Vietnam is willing to share experience in national economicdevelopment with Egypt – a promising market with a population ofnearly 90 million and a favourable geographic position for trade betweenAfrica, Asia and Europe.
The two countries have alot of potential for wider cooperation, Minister of Agriculture andRural Development Cao Duc Phat said in an interview granted to theVietnam News Agency on the sidelines of the Egypt Economic DevelopmentConference (EEDC) held in the resort city of Sharm El-Sheikh onMarch 13-15.
Vietnam’s involvement in eight freetrade agreements and six agreement negotiations, and Egypt’sparticipation in the Arab Free Trade Area will open up opportunities forthe two countries’ businesses to export their products to therespective markets, he said, citing Vietnam could export farm produce,seafood and consumer goods to Egypt.
He suggested the two sides increase information exchanges and cooperation for mutual benefits.
He proposed the two countries’ State management agencies enhancecoordination to create a legal framework for specific fields tofacilitate business operation.
At the same time, itis important to raise the role of the commercial and industrial chambersto bridge cooperative activities of the business community, he said.
The minister highlighted the EDDC as an importantpolitical and economic event to Egypt that drew many heads ofstates, leaders of ministries, sectors, and major economic groups aroundthe world.
The conference also offered a goodchance for Vietnamese businesses to seek investment opportunities,contributing to elevating bilateral trade between Vietnam and Egyptto 500 million USD in 2015, he said.
He expressedhis belief that the outcomes of the conference will help Egypt reviveits economy and become a partner of Vietnam in the path ofdevelopment.-VNA
The two countries have alot of potential for wider cooperation, Minister of Agriculture andRural Development Cao Duc Phat said in an interview granted to theVietnam News Agency on the sidelines of the Egypt Economic DevelopmentConference (EEDC) held in the resort city of Sharm El-Sheikh onMarch 13-15.
Vietnam’s involvement in eight freetrade agreements and six agreement negotiations, and Egypt’sparticipation in the Arab Free Trade Area will open up opportunities forthe two countries’ businesses to export their products to therespective markets, he said, citing Vietnam could export farm produce,seafood and consumer goods to Egypt.
He suggested the two sides increase information exchanges and cooperation for mutual benefits.
He proposed the two countries’ State management agencies enhancecoordination to create a legal framework for specific fields tofacilitate business operation.
At the same time, itis important to raise the role of the commercial and industrial chambersto bridge cooperative activities of the business community, he said.
The minister highlighted the EDDC as an importantpolitical and economic event to Egypt that drew many heads ofstates, leaders of ministries, sectors, and major economic groups aroundthe world.
The conference also offered a goodchance for Vietnamese businesses to seek investment opportunities,contributing to elevating bilateral trade between Vietnam and Egyptto 500 million USD in 2015, he said.
He expressedhis belief that the outcomes of the conference will help Egypt reviveits economy and become a partner of Vietnam in the path ofdevelopment.-VNA
