Politics

Vietnam, Sri Lanka aim to bring trade to 1 billion USD

The Prime Ministers of Vietnam and Sri Lanka have agreed to strive to bring two-way trade to 1 billion USD during their meeting in Hanoi on September 11.
Vietnam, Sri Lanka aim to bring trade to 1 billion USD ảnh 1PM Nguyen Xuan Phuc (L) welcomes his Sri Lankan counterpart Ranil Wickremesinghe in Hanoi on September 11 (Photo: VNA)

Hanoi (VNA) – The Prime Ministers of Vietnamand Sri Lanka have agreed to strive to bring two-way trade to 1 billion USDduring their meeting in Hanoi on September 11.

PM Nguyen Xuan Phuc and his Sri Lankan counterpart RanilWickremesinghe said despite positive progress, bilateral cooperation across thefields has yet to match the two countries’ potential. They reached a consensusthat the second meeting of the joint trade sub-committee should be held asearly as possible in Vietnam to seek ways to bolster trade.

The two government leaders also shared the view that thejoint committee should hold the fourth meeting in 2019 and the two countries shouldsign an MoU on fishery cooperation for the next three years.

They agreed to facilitate the expansion of partnership infields of potential for cooperation such as education-training,telecommunications, information and digital technology, oil and gas, aviation,maritime, processing of agricultural and aquatic products, cultural and art exchange,Buddhism, sports, and youth exchange.

PM Ranil Wickremesinghe, who is in Vietnam to attend the WorldEconomic Forum on ASEAN 2018, praised the accomplishments that Vietnam has madein socio-economic development in the past years and the country’s increasingrole in the region and the world, saying that Vietnam is a model ofsocio-economic development for other countries.

He expressed the wish to set up ties between the rulingparty in Sri Lanka and the Communist Party of Vietnam, while affirming theintention to continue working closely with Vietnam at regional andinternational forums, especially the United Nations and the Non-alignedMovement.

PM Nguyen Xuan Phuc stressed that the two countries shouldpay attention to aviation connection, which he said is the most effective wayto develop trade and tourism.

He asked Sri Lanka to play an active role in ensuringsecurity, safety and freedom of navigation and aviation in the East Sea andadvocating the adherence to international law and the settlement of disputes bypeaceful means.-VNA

VNA
#Prime Minister Nguyen Xuan Phuc #Sri Lankan Prime Minister Ranil Wickremesinghe #Vietnam-Sri Lanka relations #World Economic Forum on ASEAN 2018 #updated Vietnam news #Vietnamplus #Vietnam News Agency Sri Lanka
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