Vietnam, Argentina works to boost trade
Deputy Minister of Industry and Trade Tran Quoc Khanh met Argentine Foreign Minister Jorge Faurie in Buenos Aires on December 13 to discuss trade and economic cooperation between Vietnam and Argentina.
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| Deputy Minister of Industry and Trade Tran Quoc Khanh (L) met Argentine Foreign Minister Jorge Faurie in Buenos Aires on December 13 |
They agreed to seek trade stimulation measures together, while Khanh suggested Argentina create favourable conditions for Vietnamese products to enter the South American market to balance trade between the two countries.
They highlighted their coordination in preparation for next year’s Vietnamese trip of Argentine President Mauricio Macri on the occasion of 45th anniversary of the founding of bilateral diplomatic relations.
Both said that the official visit would reinforce the two countries’ comprehensive partnership.
Vietnam and Argentina established a comprehensive partnership in 2010, with bilateral trade increasing tenfold in the past 10 years from about 300 million in 2006 to exceed US$3 billion in 2016.
According to the General Department of Vietnam Customs, in the first 10 months of 2017, Vietnam – Argentina trade hit US$2.62 billion, up 8.87 percent from the same period last year, and was estimated to reach US$3.5 billion by year’s end.
Vietnam is now the sixth biggest trade partner of Argentina. Vietnam mainly exports to Argentina footwear, electronic products, garment-textiles goods and agricultural machines, while Argentina is the second biggest foreign supplier of food and farm produce in Vietnam.
