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VN, NZ agree on ambitious plan to step up two-way trade

Update: September, 18/2013 - 08:02
Deputy Prime Minister Vu Van Ninh and New Zealand Deputy Prime Minister cum Minister of Finance, Bill English.—VNA/VNS Photo

HA NOI (VNS)— Viet Nam and New Zealand yesterday agreed to raise bilateral trade to US$1 billion by 2015.

The agreement was made during talks between Deputy Prime Minister Vu Van Ninh and New Zealand Deputy Prime Minister cum Minister of Finance, Bill English.

In an effort to realise the ambitious target, the two deputy PMs pledged implementation of the 2013-2016 Plan of Action and the tax avoidance agreement signed during Governor General Jerry Mateparae's visit to Viet Nam in August this year.

During the talks, the two deputy PMs also agreed to increase exchanges of delegations and strengthen co-operation in security, tourism, agriculture, energy and mineral exploitation, and education. The two leaders also pledged to increase co-operation between the legislative bodies of both countries and increase people-to-people exchanges.

Ninh affirmed Viet Nam's policy of valuing co-operation with countries in the South Pacific, including New Zealand.

He thanked New Zealand for providing official development assistant (ODA) to Viet Nam and affirmed support for New Zealand's ASEAN Strategy, unveiled by Prime Minister John Key in July this year.

He stressed Viet Nam would work closely with New Zealand and other relevant countries to resolve negotiations for the Trans-Pacific Partnership (TPP) Agreement.

Viet Nam and New Zealand yesterday agreed to raise bilateral trade to US$1 billion by 2015.—VNA/VNS Photo

English affirmed that New Zealand considered Viet Nam one of its most valued partners within the ASEAN community and the Asia-Pacific region.

He said the New Zealand Government would continue providing ODA to Viet Nam at a steady level, adding that he was satisfied with the progress of New Zealand-funded development projects in the country.

The two sides praised the partnership between Viet Nam and New Zealand, acknowledging co-operation at the political and socio-economic level.

They discussed regional and international issues and agreed to co-operate closely at multilateral forums, including the East Asia Summit (EAS), Asia-Pacific Economic Co-operation forum (APEC), Asia-Europe Meeting (ASEM), the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership (RCEP) agreement. — VNS

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