Vietnam, Uruguay look to expand economic cooperation
Deputy Minister of Industry and Trade Do Thang Hai and Uruguayan Deputy Minister of Foreign Relations Carolina Ache Batlle on October 21 co-chaired the second meeting of the Vietnam-Uruguay Joint Committee on economic, trade and investment cooperation.
Deputy Minister of Industry and Trade Do Thang Hai (C) at the second meeting of the Vietnam-Uruguay Joint Committee on economic, trade and investment cooperation (Photo: VNA)
Hanoi (VNA) – Deputy Minister of Industry and Trade Do Thang Hai and Uruguayan Deputy Minister of Foreign Relations Carolina AcheBatlle on October 21 co-chaired the second meeting of the Vietnam-Uruguay Joint Committee on economic, trade and investment cooperation.
During the online event, the two sides reviewed cooperationbetween the two nations across fields from economy, trade, investment, finance to agriculture and science and technology since the first meeting held in October2018 in Uruguay's Montevideo capital city. They discussed and proposedplans to further promote bilateral cooperation in the coming time.
They agreed that bilateral trade relations still remainsmodest and has yet to match the potential. They underlined the need to promotecooperation in bilateral and multilateral frameworks, and diversify import andexport products.
The two sides should focus on promoting trade promotion and connectionactivities, and supporting the business community in seeking markets andbusiness opportunities towards gradually recovering post-COVID-19 bilateraltrade.
Data from the General Department of Vietnam Customs show that thetotal import-export turnover between Vietnam and Uruguay in 2020 reached 70.76million USD, down 6.89 percent year-on-year.
Foragricultural cooperation, the two sides welcomed the establishment of directcontacts to continue to exchange technical issues in the process of licensing forpotential agricultural products to be exported to each other's markets.
They also suggested cooperation in food safety, customs,science and technology, software, and wood exploitation and processing.
The successful organisation of the meeting is a clear proof ofthe fruitful relationship and determination to promote all-around cooperation betweenthe two countries./.
Uruguay’s Vice President Lucia Topolansky has suggested Vietnam and Uruguay strengthen their cooperation across fields, especially in economy, trade and investment, making it match the fruitful bilateral political ties.
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Deputy Minister of Industry and Trade Do Thang Hai (C) at the second meeting of the Vietnam-Uruguay Joint Committee on economic, trade and investment cooperation (Photo: VNA) 
