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Vietnam, RoK hold joint committees’ sessions

Two joint committees between Vietnam and the Republic of Korea have taken place in Seoul to promote bilateral trade and investment.
Vietnam, RoK hold joint committees’ sessions ảnh 1The first session of the Joint Committee on the implementation of the Vietnam-Korea Free Trade Agreement (Photo: VNA)

Seoul (VNA) – Two joint committees between Vietnam and the Republicof Korea have taken place in Seoul to promote bilateral trade and investment.

The Vietnamese delegation to the events was led by Minister of Industry and TradeTran Tuan Anh, while the RoK delegation was headed by Minister of Trade,Industry and Energy Joo Hyung-hwan.

In the minutes signed at the end of the seventh session of the Vietnam-RoKJoint Committee on cooperation in nuclear power, industry and trade, the twosides were unanimous on some contents of bilateral cooperation in such fieldsas energy and mineral, technology incubator, material and spare partproduction, human resources development, garment-textile, distribution,logistics and trade promotion.

This will be foundation for the two sides to build and carry out specific projectsto boost collaboration in industry, trade and energy.

Inthe joint statement of the first session of the Joint Committee on theimplementation of the Vietnam-Korea Free Trade Agreement (VKFTA), the two sidesacknowledged each other’s efforts in carrying out bilateral cooperationactivities in the fields of animal and plant quarantine, technical standard, thusimplementing commitments in the VKFTA effectively.

Ministers Tran Tuan Anh and Joo Hyung-hwan spoke of the development of the twocountries’ economic, trade and investment ties in recent years, especiallyafter the VKFTA came into effect in late 2015.

They agreed to continue efforts to deepen the trade, industry and energy cooperation,contributing to realising the two countries’ strategic cooperative partnershipand the goal of 70 billion USD in bilateral trade by 2020.

They also agreed to convene the next sessions of the two joint committees in2017. The time and venue will be discussed and fixed later.-VNA
VNA
#Vietnam-Korea Free Trade Agreement #Vietnam-RoK Joint Committee Korea (RoK)
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