UAE, Vietnam accelerate negotiations for proposed CEPA
27 Jan 24 1 min read
Insights
- Vietnam and the UAE have agreed to accelerate talks for a proposed bilateral comprehensive economic partnership agreement.
- Vietnam's industry and trade minister Nguyen Hong Dien urged the UAE to facilitate business delegation exchanges and coordinate trade promotion activities.
- He called on UAE businesses to invest in Vietnam in areas of mutual interest.
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.
- US cotton exports rise in week ending May 23: USDA
- China’s port throughput rises 6.1% in Q1 2024: Fitch Ratings
- Vietnam's industrial sector recovering, ministry assessment reveals
- German business sentiment improves in April 2024: ifo
- Vietnam attracts FDI worth $11.07 bn in Jan-May 2024: MoIT
- Major upgrade planned for Vietnam’s port system by 2030: Reports
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)
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