Illustrative photo. (Source: VNA) Hanoi(VNA) – The Ministry of Industry and Trade will host a teleconference for tradepromotion in support industries between Vietnam and Japan on July 7, attractingabout 30 – 40 enterprises from bothcountries.
Held followingthe success of a similar event on consumer goods last week, the online tradeexchange conference aims to introduce more Vietnamese products to partners inJapan and help them gain a broader access to the Eastern Asian market.
Vu Ba Phu,director of the ministry’s Vietnam Trade Promotion Agency, said Japan isVietnam’s third largest trade partner, with the two-way trade reaching 15.6billion USD in the first five months of this year, up 2.2 percent against thesame period last year, despite the impacts of the COVID-19.
Vietnam’sexports to Japan during the period stood at 7.83 billion USD while importstotalled 7.77 billion USD, he said.
Last month,Vietnam shipped to Japan the first batches of lychee, more than two tonnes,which were sold out in just a day.
Vietnamexpects to export a total of 200 tonnes of lychee to Japan via air and sea thisyear.
Phu furthernoted that the two countries have huge untapped potential to boost trade as the structure of Vietnamese andJapanese goods is complementary and non-competitive, and both are now membersof a number of free trade agreements, notably the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP).
Though thedoor to the Japanese market is wider than ever, Japan remains a demandingmarket with high requirements. So Masataka Fujita, Secretary General of theASEAN – Japan Centre (AJC) urged Vietnamese producers and exporters to strictlycomply with Japan’s regulations on imported goods./.
VNA
