Vietnam, Uruguay to set up joint committee on trade cooperation

Hanoi (VNA) – Vietnam and Uruguay will work for the early establishment of a joint committee on economic, trade and investment cooperation in accordance with the Framework Agreement on Trade and Investment that took effect in April 2016.

The agreement was reached during talks between Deputy Prime Minister and Foreign Minister Pham Binh Minh and Uruguayan Foreign Minister Rodolfo Nin Novoa in Hanoi on October 21, during the latter’s official visit to Vietnam.

Deputy PM Minh hailed Uruguay’s opening of an embassy in Hanoi and appointment of its ambassador to Vietnam, which he said contributed to developing bilateral ties over the past time.

The Uruguayan FM affirmed that Uruguay is pursuing the policy of diversifying ties, and considering Vietnam one of leading partners in Asia-Pacific.

Host and guest expressed their pleasure with the positive development of cooperation across the fields, evidenced by regular visits at all levels. The two countries have signed a number of important cooperation agreements on agriculture, agro-fisheries processing, information and biological technology, and climate change mitigation.

In order to push forward the practical and effective ties, they agreed to maintain the regular political consultation mechanism at deputy foreign ministerial-level.

Both sides agreed to hasten negotiations to sign agreements on customs, animal and plant quarantine and other specific areas, making it easier for their business communities to access each other’s market and seek partners.

They pledged to help each other to export goods to the Southern Common Market (MERCOSUR) and ASEAN, as well as intensify bilateral links across culture, training, tourism and sports through specific projects and programmes.

The two FMs spoke highly of mutual liaison at international organisations and multilateral forums.

On the occasion, Minh expressed his thanks to the Uruguayan government for backing Vietnam’s bid to become a non-permanent member of the UN Security Council for 2020-2021 tenure and for recognising Vietnam as a market economy.

He wished that the two countries would increase the sharing of experience in joining multilateral mechanisms, the UN peacekeeping force, and bilateral and multilateral economic-trade negotiations.

On regional and global issues of shared concern, they promised to promote coordination between ASEAN and MERCOSUR, and other inter-regional cooperation mechanisms.

As regards the East Sea issue, they shared the stance on the settlement of sovereignty disputes by peaceful means, refraining from the use of force or threat to use force, respecting diplomatic and legal process in line with international law, especially the 1982 United Nations Convention on the Law of the Sea.-VNA