Vietnam to work closely with Israel to sign, enforce bilateral FTA

23 May '23

1 min read

Pic: Shutterstock

Insights

Vietnam will work closely with Israel to sign and enforce their bilateral free trade agreement, the former's minister of industry and trade Nguyen Hong Dien told Israeli ambassador to the country Yaron Mayer in Hanoi recently.
Dien proposed building mechanisms for information sharing between agencies of both sides on various issues of mutual interest.

Vietnam recently said it will continue to work closely with Israel to sign and enforce their bilateral free trade agreement (FTA). The former’s minister of industry and trade Nguyen Hong Dien met Israeli ambassador to the country Yaron Mayer in Hanoi.

Dien proposed building mechanisms for information sharing between agencies of both sides on policies, technical standards and regulations applied to a number of import and export commodities to facilitate import and export.

He also called for stronger cooperation in high-tech equipment, biotechnology, agricultural product processing, food and other potential fields in which the two countries are strong, a news agency reported.

Vietnam encourages Israeli businesses to invest more in industrial production, biotechnology, information technology, new material technology, consumer goods and food industries, start-ups, vocational training, technology transfer and development of high technology, he said.

Israel is the third largest export market and the fifth largest trading partner of Vietnam in West Asia.

Vietnam’s exports to Israel to include garment and textiles.

ALCHEMPro News Desk (DS)

More Textiles News - Vietnam...