Vietnamese Ambassador Nguyen Hoai Duong (second from left) at the event (Photo: VNA)
Mexico City (VNA) - Vietnamese and Mexican enterprises should takefull advantage of the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) to promote bilateral trade and investment, according toinsiders.
New trade opportunities between the two countries and mechanisms to identifynew chances for new products were discussed at a video conference held by theMexican Business Council for Foreign Trade (COMCE) and the Vietnamese Embassyin Mexico’s trade office on October 7.
Vietnamese Ambassador Nguyen Hoai Duong emphasised the complementary nature ofthe two economies, affirming that the CPTPP, which provides an array of tariffpreferences, will help create a favourable environment for both sides topromote trade, economic, and investment relations.
Meanwhile, President of the Asia-Pacific Directorate at COMCE Sergio Ley said companiesshould build a joint export platform based on the thriving bilateral relationsand geographical strengths of Vietnam in Asia and Mexico in America.
Defining common opportunities, particularly within the framework of the CPTPP,is important to diversify trade partners, he said, affirming that Mexico alwayssees Vietnam as a prioritised trade peer.
For her part, Undersecretary for Foreign Trade at Mexico’s Ministry of EconomyLuz Mara de la Mora hopes that trade will be intensified between private enterpriseson both sides.
Mexico is an important market for Vietnamese electronic products and seafood,while in turn having a good chance of selling food, automobiles and spareparts, and mechanical products to the Southeast Asian country.
On the occasion,COMCE, with support from the Vietnamese Embassy, launched the website https://sites.google.cm/comce/org/mx/comce-moit,containing updated policy and market information for both Vietnamese andMexican enterprises.
Vietnam is currently Mexico’s third-most important partner ASEAN, while Mexicois Vietnam’s second-most significant market in Latin America and the Caribbean.Two-way trade reached over 6 billion USD in 2019, up 97.7 times against 2001./.
