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First Vietnam-Australia economic partnership meeting held

The first Vietnam-Australia Economic Partnership Meeting (EPM) was held in Adelaide city of Australia on November 29 under the co-chair of Vietnamese Minister of Industry and Trade Nguyen Chi Dung and Australian Minister of Trade, Tourism and Investment Simon Birmingham.
First Vietnam-Australia economic partnership meeting held ảnh 1Minister of Industry and Trade Nguyen Chi Dung (Photo: VNA)
Sydney (VNA) – The first Vietnam-AustraliaEconomic Partnership Meeting (EPM) was held in Adelaide city of Australia onNovember 29 under the co-chair of Vietnamese Minister of Industry and TradeNguyen Chi Dung and Australian Minister of Trade, Tourism and Investment SimonBirmingham.

The event, to be held annually in rotation, aims to promotethe trade, investment and development partnership between the two countries.

It is an important event that specifies the Joint Statementof the two countries issued on August 23 during the Vietnam visit by AustralianPrime Minister Scott Morrison, targeting the building of an economiccooperation strategy for the goal of becoming each other’s top 10 tradepartners and doubling two-way trade.

The event also aims to reinforce the joint commitments ofboth sides in trade facilitation and economic connection, helping the twocountries optimize opportunities from newly-emerging markets.

At the meeting, the two sides focused on measures to bolsterbilateral trade, investment and development cooperation, as well as innovationpartnership.

They discussed matters related to global and regional aswell as multilateral issues related to the Association of Southeast AsianNations, the Asia-Pacific Economic Cooperation, the World Trade Organisation,the Regional Comprehensive Economic Partnersip, the Comprehensive andProgressive Agreement for Trans-Pacific Partnership, and the ASEAN-Australia-NewZealand Free Trade Agreement.

Through the event, Vietnam affirms the determination to workwith Australia in enhancing trade, investment and development cooperationbetween the two countries, meeting the demand and interest of each country andcontributing to peace, stability, cooperation and development in the region.

Concluding the event, Dung and Birmingham signed a jointstatement of the meeting.

Vietnam will host the meeting in 2020./.

VNA
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