PM calls for early finalisation of Comprehensive Economic Partnership Agreement with UAE

Prime Minister Pham Minh Chinh received Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi of the United Arab Emirates (UAE) in Hanoi on June 5, calling on the UAE to work closely with the Vietnamese Ministry of Industry and Trade to soon finalise talks on the bilateral Comprehensive Economic Partnership Agreement (CEPA).
PM calls for early finalisation of Comprehensive Economic Partnership Agreement with UAE ảnh 1PM Pham Minh Chinh (R) and UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi at the meeting in Hanoi on June 5. (Photo: VNA)
Hanoi (VNA) - Prime MinisterPham Minh Chinh received Minister of State for Foreign Trade Thani binAhmed Al Zeyoudi of the United Arab Emirates (UAE) in Hanoi on June 5, calling on the UAE to work closely withthe Vietnamese Ministry of Industry and Trade to soon finalise talks on thebilateral Comprehensive Economic Partnership Agreement (CEPA).

The host leader hailed the two sides’efforts to promote negotiations on the CEPA, especially when the two countries are celebrating the 30th founding anniversary of bilateral diplomatic relations in 2023.

He affirmed Vietnam’s consistentforeign policy of independence, self-reliance, diversification and multilateralisationof external relations, and being a good friend, trustworthy partner, andresponsible member of the international community. The country is also workingto develop an independent and self-reliant economy that actively, extensively, practically, and effectively integrates into the world.

The UAE is one of the leadingeconomic partners of Vietnam in the Middle East, PM Chinh stated, noting thatthe two countries’ friendship and cooperation have been flourishing in multiplespheres, including politics - diplomacy, trade, investment, education, tourism,and energy.

However, he held that there remainshuge room for their partnership to grow further, especially in trade andinvestment.

The PM also asked the two sides to workclosely together to organise the fifth meeting of the Inter-governmental Committeein 2023.

Vietnam encourages enterprises andinvestment funds of the UAE to invest in the fields matching both sides’interest such as energy, renewable energy, climate change response, logistics,real estate, services, infrastructure, and building of innovation centres, he said, calling on the UAE to help Vietnam develop verification centres,train manpower, and manufacture products in the Halal industry.

PM calls for early finalisation of Comprehensive Economic Partnership Agreement with UAE ảnh 2At the meeting in Hanoi on June 5. (Photo: VNA)
The Government leader requested thetwo countries actively coordinate with and support each other at internationaland regional forums, including in enhancing ties between the Association ofSoutheast Asian Nations (ASEAN) and the Gulf Cooperation Council.

He also suggested the UAE viewVietnam as a bridge linking it with ASEAN and act as a gateway for Vietnamesegoods to enter Middle Eastern markets.

Vietnam welcomes the UAE’s organisationof the 28th Conference of the Parties to the UN Framework Conventionon Climate Change (COP28) and is ready to cooperate with the host country andother members of the convention to contribute to the event’s success, PM Chinhadded.

At the meeting, the UAE Minister ofState held that the two countries share many similarities, particularly indevelopment orientations, the size of their economies, growth rates, and the economies’openness to many free trade agreements.

He noted that Vietnam accounts for30% of the UAE’s trade turnover with Southeast Asia.

During his visit, many UAEenterprises and organisations, including two large investment funds, have alsocome to learn about the local investment climate, and they are interested insuch fields as renewable energy, logistics, and health care in Vietnam,according to the official.

Thani bin Ahmed Al Zeyoudi affirmedthat Vietnam is one of the important partners of the UAE, which hopes tocontinue promoting cooperation in labour export, digital transformation,culture, and education.

Relevant agencies of the UAE areflexibly and effectively boosting CEPA negotiations in the spirit of win-wincooperation, benefit harmonising and risk sharing as PM Chinh said so as toconclude the talks by the end of this year.

Via the Minister of State, PM Chinhthanked the Vice President and PM of the UAE for inviting him to visit theMiddle Eastern country and also conveyed President Vo Van Thuong’s invitationto visit Vietnam to the UAE President. He invited the PM of the UAE to make atrip to the Southeast Asian nation to discuss measures to furtherstrengthen the two countries’ solidarity, friendship, and multifaceted cooperation./.
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