President talks cooperation with Philippine counterpart at APEC

President Truong Tan Sang met with his Philippine counterpart Benigno Aquino III in Beijing on November 9 on the sidelines of the 22nd APEC Economic Leaders’ Meeting.
President Truong Tan Sang met with his Philippine counterpart BenignoAquino III in Beijing on November 9 on the sidelines of the 22ndAsia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting.

Duringthe meeting, the two leaders exchanged ideas and plans to boostcooperation in politics, diplomacy, economics, trade, finance,education, culture, tourism, sea and ocean cooperation.

Theyagreed to convene soon the first joint working committee of theirforeign ministries to discuss details for the establishment of theVietnam-Philippines Strategic Partnership.

The two presidents agreed to take strong measures to bring two-way trade to 3 billion USD in 2016.

Theyalso discussed international and regional issues of mutual interest andagreed to further boost and maintain peace, stability, security, andmaritime safety and freedom in the region, and to promote peacefulsettlement of all disputes based on international law and the UnitedNations Convention on the Law of the Sea (UNCLOS).

They reached aconsensus on close cooperation for the successful formation of an ASEANCommunity by 2015 and mutual support as the Philippines prepares toorganise the APEC Year 2015, followed by Vietnam in 2017.

The two presidents exchanged and accepted invitations to visit each other’s country.

Thesame day, the Vietnamese leader met representatives of leading USenterprises, who were also in Beijing for the APEC CEO Summit.

PresidentTruong Tan Sang stressed that many positive developments in Vietnam-USties were seen in the 20 years since the establishment of diplomaticrelations, especially after the two countries set up comprehensivepartnership in 2013.

He praised US enterprises for beingtrustworthy partners and pledging long-term investment in Vietnam,adding that they have contributed to the development of bilateralrelations.

For their part, the representatives spoke highly ofVietnam’s achievements in stabilising its macro economy, restructuringthe economy and comprehensively boosting international integration.

Theyexpressed their interest in the potential for investing and doingbusiness in Vietnam and suggested measures that Vietnam could deploy tomake full use of new opportunities opened up by regional links,especially the APEC and Trans-Pacific Partnership.-VNA

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