UAE, Vietnam accelerate negotiations for proposed CEPA

UAE minister of state for foreign trade Thani bin Ahmed Al Zeyoudi visited Hanoi on January 24 and met Vietnam’s industry and trade minister Nguyen Hong Dien.

Dien urged the UAE government to facilitate business delegation exchanges and coordinate trade promotion activities. He also called on UAE businesses to invest in Vietnam in areas of mutual interest, according to a news agency report.

The UAE is the largest export market and the second-largest trade partner of Vietnam in West Asia now after Kuwait.

Vietnam's exports to the UAE reached over $4 billion last year and its imports from there hit over $676 million, marking a year-on-year increase of 4.3 per cent and 16 per cent respectively.

Fibre2Fashion News Desk (DS)