Illustrative image (Source: VNA)
Hanoi (VNA) – A seminar on Vietnam - Mexico garment trade and investment took place in Hanoi on August 23 on the occasion of a visit by Mexican garment companies.
Speaking at the event, deputy head of the Ministry of Industry and Trade’s trade promotion agency Le Hoang Tai said Mexico is currently one of Vietnam’s top trade partners in America and serves as a gateway for Vietnamese goods to enter other markets in this region.
According to the General Department of Customs, two-way trade between Vietnam and Mexico hit 1.1 billion USD in the first half of this year, up 18 percent annually.
Tai expressed his belief that bilateral apparel trade will prosper in the near future if trade and investment promotion programmes within the framework of the Joint Committee on Economic, Trade and Investment Cooperation bring fruits.
The seminar was co-hosted by the Vietnam Textile & Apparel Association, Vietnam Trade Promotion Agency, the Vietnam Commercial Affairs Office in Mexico and the National Chamber of Textile Industry of Mexico (CANAINTEX).
A CANAINTEX representative said once the Trans-Pacific Partnership is ratified, Vietnam’s garment export to TPP member markets, especially the US, will thrive, thanks to the deal’s bilateral tariff incentives.
Vietnam is currently the second largest garment provider for the US while Mexico ranks sixth.
On the occasion, the Mexican business delegation will visit seven garment factories and Pho Noi garment industrial park in the northern province of Hung Yen.-VNA
