Peru-Vietnam Inter-Governmental Committee convenes first session

Wednesday, 2017-10-25 11:48:33
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The first meeting of the Peru-Vietnam Inter-Governmental Committee on Economic Issues and Technical Cooperation (Source: VNA)
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NDO/VNA – The first meeting of the Peru-Vietnam Inter-Governmental Committee on Economic Issues and Technical Cooperation took place in Lima, Peru, on October 23-24.

The meeting marked a new breakthrough in the bilateral cooperation since the two countries first established diplomatic ties in 1994, said Vietnam Deputy Minister of Industry and Trade Do Thang Hai, who co-chaired the meeting with the Peruvian Deputy Foreign Minister Nestor Popolizio Bardales.

Hai added that the meeting created a premise for Vietnam and Peru to advance their cooperation in the fields of economy, trade, investment, agriculture and science-technology.

He reviewed the milestones in the bilateral friendship and cooperation, including the exchange of high-ranking delegations, especially the official visit to Peru made by President Tran Dai Quang in November 2016.

In 2015, trade value between the two countries exceeded US$300 million for the first time, of which Vietnam’s export turnover to Peru was over US$247 million, Hai said. The export-import revenue reached US$351.4 million in 2016, up 7.4% annually.

In the first nine months of this year, the figure stood at US$345 million, a rise of 37% from the same period last year. Of the total, Vietnam’s exports to Peru hit US$254 million.

Vietnam mainly ships electronics, phones, cement, clinker, garments-textiles, materials for the garment-textile sector, leather and footwear, plastic products and rubber to Peru, while importing animal feed, animal skin, ore, zinc, by-products of food processing and meat of different kinds from the country.

In terms of investment, Hai talked about the operation of Vietnam’s military-run telecoms group Viettel and the Vietnam National Oil and Gas Group (PetroVietnam) in Peru, expressing his wish that the Peruvian Government would provide more support for Vietnamese businesses.

Deputy FM Bardales said that Peruvian President Pedro Pablo Kuczynski will pay an official visit to Vietnam in November and attend the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week in Vietnam’s central city of Da Nang from November 6-11.

President Kuczynski is scheduled to hold talks with his Vietnamese counterpart Tran Dai Quang to discuss issues of shared concern, he said.

The Deputy FM noted his belief that Vietnam would successfully organise the APEC Week, saying that Vietnam’s hosting of the event for the second time has proven the country’s increasing prestige and role within the international arena.

As the host of APEC 2016, Peru is ready to support Vietnam in preparations for the upcoming APEC Week, he pledged.

Bardales also expressed his wish for further cooperation between the Pacific Alliance, which was established in 2011 according to Peru’s initiative, and the Association of Southeast Asian Nations (ASEAN).

Deputy Minister Hai said that Vietnam will back Peru’s proposals at APEC 2017, including support for small and medium-sized enterprises to enhance their competitiveness and production efficiency through scientific-technological applications.

On this occasion, the technical groups of Vietnam and Peru discussed the possibility of opening the agricultural product market of the two countries towards easing regulations on food hygiene.

The Peruvian side wants to export grapes and blueberries to Vietnam, while Vietnam hopes to ship lychee, longan, dragon fruit and seafood to the country.

The two Deputy Ministers then signed the minutes of the first meeting of the Peru-Vietnam Inter-Governmental Committee on Economic Issues and Technical Cooperation.