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Vietnam, Azerbaijan to push ties in diverse areas

The Vietnam-Azerbaijan Inter-Governmental Commission on Economic-Trade and Science-Technology Cooperation convened its first session in Hanoi on January 16.
Vietnam, Azerbaijan to push ties in diverse areas ảnh 1At the meeting (Source: VNA)
Hanoi (VNA) – The Vietnam-Azerbaijan Inter-Governmental Commission onEconomic-Trade and Science-Technology Cooperation convened its first session inHanoi on January 16, aiming to boost ties across trade, oil and gas,education-training, tourism and culture.

VietnameseMinister of Industry and Trade Tran Tuan Anh and Azerbaijani Minister of EnergyNatiq Aliyev chaired the event.

Speaking atthe event, Anh said the meeting marks an important milestone to push forwardbilateral ties, especially in the context of celebrations for the 25th anniversary of Vietnam-Azerbaijan ties.

From2013-2014, Azerbaijan boasted the third largest trade volume with Vietnam,behind Russia and Ukraine.

In 2014,two-way trade hit 422.4 million USD, of which exports reached 73.6 million USD.One year later, the figure fell to 34.2 million USD. In 2016, the figure soaredto 104.44 million USD, 5.14 million USD of which was Vietnam’s exports.

In the nearfuture, the two nations will diversify exports-imports, and boost tradepromotion to increase Vietnam’s exports to the Asian country.

The sides plannedfuture orientations in the fields of investment, agriculture,science-technology and culture, including negotiations on an agreement onbilateral trade facilitation and protection, making it easier for the twonations’ business communities to navigate each other’s market.

They willalso consider an agreement on plant quarantine and food produce quality control.

TheVietnamese side welcomed the organisation of Azerbaijani cultural days inVietnam this year.-VNA
VNA

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