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VN, Bolivia to enhance all-round collaboration

Update: May, 20/2015 - 08:43
Bolivian Vice President Alvaro Garcia Linera meets with Vietnamese counterpart Nguyen Thi Doan in La Paz city. — VNA/VNS Photo Thong Nhat
LA PAZ (VNS) — Bolivia wants to strengthen its co-operation with Viet Nam for both countries' benefit, Bolivian Vice President Alvaro Garcia Linera told his Vietnamese counterpart during her visit to Bolivia on Monday and Tuesday.

In a reception for Vietnamese Vice President Nguyen Thi Doan on Monday, Linera said Doan's visit to Boliva was an important landmark and created further opportunities for the multi-faceted co-operation between the two countries.

Recalling his visit to Viet Nam in 2012, Linera expressed his deep admiration towards the significant achievements of the Doi moi (Renewal), as well as its heroic tradition of national building and defence.

Doan praised Bolivia for the socio-economic gains it achieved over the past decade and the high economic growth rate it successfully maintained despite global economic hardships. It helped improve the living standards of different strata of Bolivian people.

She affirmed that Viet Nam always attached importance to expanding co-operation with countries in Latin America, including Bolivia.

During their talks, the two leaders agreed that Viet Nam and Bolivia shared quite a few similarities in their histories and the current development paths. They said their relationship had continued to grow well in recent years, especially in politics and diplomacy.

However, the economic and trade ties between the two remain modest. Two-way trade reaches less than US$10 million per year.

Accordingly, the two leaders concurred with the deployment of concrete measures, such as accelerating negotiation processes for co-operation deals to complete legal frameworks for bilateral co-operation, particularly in economy, trade and investment; and embarking on established co-operation mechanisms such as the Joint Committee on Trade and Investment.

They also agreed that the two governments would encourage their enterprises to approach each others' markets, and to establish relationships in line with national legal systems and policies – particularly in the fields of energy, oil and gas, communications and agriculture.

Regarding multilateral co-operation, the two sides said they would continue intensifying co-ordination and co-operation at international organisations, including the UN; and share their positions on addressing sovereignty disputes through negotiations and peaceful dialogues on the basis of international laws without threats or force. — VNS

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