Mercosur-Asean chamber of commerce inaugurated
The Mercosur-ASEAN Chamber of Commerce officially opened in the
Uruguayan capital of Montevideo on June 4 with the aim to promote
economic, trade, and investment cooperation between the two blocs.
The Mercosur-ASEAN Chamber of Commerce officially opened in the
Uruguayan capital of Montevideo on June 4 with the aim to promote
economic, trade, and investment cooperation between the two blocs.
Speaking at the inaugural ceremony, Uruguayan Foreign Minister Rodolfo Nin Novoa appreciated the cooperation opportunities between members of the Southern Common Market (Mercosur) and the Association of Southeast Asian Nations (ASEAN).
He noted that the ASEAN, with more than 600 million inhabitants and a gross domestic product (GDP) of some 2.3 trillion USD, is a potential market for exports from Mercosur, especially soybeans, rice and meat.
According to Novoa, the Chamber of Commerce Mercosur-ASEAN – which is headquartered in Montevideo – was created to promote trade relations and investment between the nations of both blocs.
It is responsible for providing information on business opportunities, facilitating the resolution of commercial disputes and working with governments in business delegation exchange, he added
Offices in Brazil, Paraguay, Venezuela, Vietnam, Indonesia, the Philippines and Singapore will be established.
In July, a business delegation from Mercosur will travel to Vietnam, Indonesia, the Philippines and Singapore to promote trade and investment cooperation.
Created in 1991, Mercosur is a sub-regional bloc grouping Brazil, Argentina, Uruguay, Venezuela and Paraguay.
Mercosur is currently the fifth world economic power with a GDP of 3.3 trillion USD and representing 83 percent of total GDP in South America.
Meanwhile, the ASEAN, established in 1967, consists of Malaysia, Indonesia, Brunei, Cambodia, Laos, Myanmar, Singapore, Thailand, the Philippines and Vietnam.-VNA
Speaking at the inaugural ceremony, Uruguayan Foreign Minister Rodolfo Nin Novoa appreciated the cooperation opportunities between members of the Southern Common Market (Mercosur) and the Association of Southeast Asian Nations (ASEAN).
He noted that the ASEAN, with more than 600 million inhabitants and a gross domestic product (GDP) of some 2.3 trillion USD, is a potential market for exports from Mercosur, especially soybeans, rice and meat.
According to Novoa, the Chamber of Commerce Mercosur-ASEAN – which is headquartered in Montevideo – was created to promote trade relations and investment between the nations of both blocs.
It is responsible for providing information on business opportunities, facilitating the resolution of commercial disputes and working with governments in business delegation exchange, he added
Offices in Brazil, Paraguay, Venezuela, Vietnam, Indonesia, the Philippines and Singapore will be established.
In July, a business delegation from Mercosur will travel to Vietnam, Indonesia, the Philippines and Singapore to promote trade and investment cooperation.
Created in 1991, Mercosur is a sub-regional bloc grouping Brazil, Argentina, Uruguay, Venezuela and Paraguay.
Mercosur is currently the fifth world economic power with a GDP of 3.3 trillion USD and representing 83 percent of total GDP in South America.
Meanwhile, the ASEAN, established in 1967, consists of Malaysia, Indonesia, Brunei, Cambodia, Laos, Myanmar, Singapore, Thailand, the Philippines and Vietnam.-VNA
You should also see
Noi Bai, Da Nang named in world’s top 100 airports
Hanoi capital’s Noi Bai International Airport and the Da Nang International Airport in the central city of the same name have been listed among the world’s top 100 airports in 2024 by the UK–based aviation consultancy Skytrax.
See more
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
