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VN, Ethiopia to boost trade ties

Update: November, 29/2014 - 08:51
President Truong Tan Sang receives visiting Ethiopian Deputy Prime Minister Demeke Mekonnen in Ha Noi. — Photo Nguyen Khang
HA NOI  (VNS) — President Truong Tan Sang yesterday told visiting Ethiopian Deputy Prime Minister Demeke Mekonnen in Ha Noi that corporate co-operation in trade and investment should be promoted between the two countries.

Sang said Viet Nam was willing to expand co-operation with Ethiopia in capital construction, telecoms and agriculture.

He addeed that the two countries would need to study and sign agreements on trade and investment while examining the possibility of a direct flight route between the two capitals.

The Ethiopian Deputy Prime Minister said Viet Nam and his country has the potential to co-operate on environmental and hydropower tasks, adding that his country would be a gateway for Vietnamese exports to Africa.

He also suggested the two countries open embassies in each other's country.

On the same day, Deputy Prime Minister Vu Van Ninh held talks with his visiting Ethiopian counterpart Demeke Mekonnen in Ha Noi.

Ninh congratulated the Ethiopian people on their impressive achievements gained during the national development and spoke highly of the country's active contributions to peace, stability and cooperation in Africa.

Demeke Mekonnen said his country wants to study Viet Nam's development experience in agriculture, industry and trade, especially its international integration and negotiations for joining the World Trade Organisation (WTO).

At the talks, the two sides informed each other of their respective countries' situation as well as exchanged views on regional and international issues of mutual concern, including the East Sea issue.

Both sides agreed to increase the exchange of high-level delegations, maintain regular contacts between ministries and agencies, and continue close and effective coordination at international forums such as the United Nations and the Non-Aligned Movement.

Ninh affirmed that Viet Nam is willing to serve as a bridge for Ethiopia to enter its market in particular and the ASEAN market in general. He also thanked the Ethiopian Government for recognising Viet Nam as a market-oriented economy. — VNS

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