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1/26/24, 5:10 PM Việt Nam, UAE speed up negotiation for comprehensive economic partnership agreement
HÀ NỘI — Officials from Việt Nam’s Ministry of Industry and Trade (MoIT) and the
UAE Ministry of Economy have agreed to speed up negotiations for a comprehensive
economic partnership agreement (CEPA) between the two countries.

Welcoming Minister of State for Foreign Trade of the UAE Ministry of Economy Thani
bin Ahmed Al Zeyoudi in Hà Nội on Wednesday, MoIT Minister Nguyễn Hồng Diên

hailed the Việt Nam- UAE economic and trade cooperation in recent years.

The two countries have been expanding cooperation in many fields, notably with the

launch of their negotiations for Việt Nam-UAE CEPA, he said.

Appreciating the efforts and results that the negotiation delegations of the two

countries have made, the two officials discussed measures to address issues on which
the two sides have different points of view.

Regarding bilateral cooperation, Minister Diên called on the UAE side to consider and
facilitate business delegation exchanges and coordinate to organise trade promotion
activities. He also proposed UAE businesses invest in Việt Nam in areas of mutual

interest.

The two sides agreed to cooperate more closely to speed up the Việt Nam - UAE

CEPA negotiation process and conclude it soon.

Currently, the UAE is the largest export market and the second-largest trade partner of

Việt Nam in West Asia (after Kuwait).

In 2023, Việt Nam's exports to the UAE reached over US$4 billion and its imports from

this market hit over $676 million, marking a year-on-year increase of 4.3 per cent and
16 per cent respectively.

Việt Nam's main exports to the UAE include mobile phones, computers and
components, electrical products, household electronics, pepper, seafood, footwear,
textiles, grain products, plastic, and wooden furniture. It imports raw plastics, liquefied

petroleum gas (LPG), petroleum products, animal feed materials, metals and
chemicals. — VNS

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