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Vietnam, Dominica agree to enhance trade and investment activities

Date 22/11/2024 - 17:02:00 | 64 views
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(MPI) - Vietnam and Dominica agreed on the importance of enhancing trade and investment promotion and business connectivity activities, and creating conditions for their products to access each other’s markets, viewing them as gateways to the broader Southeast Asian and Caribbean markets.

Prime Minister Pham Minh Chinh and President of the Dominican Republic Luis Abinader Corona hold talks. Photo: VGP

Prime Minister Pham Minh Chinh paid an official visit to the Dominican Republic from November 19-21. The visit aims to strengthen diplomatic relations, reinforce friendship and cooperation in various fields, and promote opportunities to enhance trade and investment activities between the two countries.

President Luis Abinader and Prime Minister Pham reiterated their commitment to furthering high-level dialogue to guide the development of bilateral relations, through the organization of official visits and regular political consultations between the two countries.

The two countries emphasised the potential for cooperation in key areas such as trade, manufacturing, investment, agriculture, energy, telecommunications, digital transformation, construction, education and training, culture, and tourism.

Both sides agreed on the importance of enhancing trade and investment promotion and business connectivity activities, and creating conditions for their products to access each other's markets, viewing them as gateways to the broader Southeast Asian and Caribbean markets.

The two leaders shared their views on each country’s relationship with Latin American and Caribbean countries and with the Southeast Asian and Asia-Pacific regions. They affirmed their commitments to promoting multilateralism, enhancing cooperation, and supporting each other in international organisations and multilateral forums of which both are members, such as the United Nations, the World Trade Organisation (WTO), the South-South cooperation framework, and the Forum for East Asia-Latin America Cooperation (FEALAC).

They expressed their intention to initiate negotiations for the early signing of other key bilateral agreements, including an tourism cooperation agreement, cultural and educational cooperation agreements, and to start the intersectoral consultation process for negotiating an investment promotion and protection agreement.


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