Pakistan-Vietnam agreed to enhance bilateral trade, economic cooperation

ISLAMABAD: The 4th Session of Pakistan – Vietnam Joint Ministerial Commission (JMC) was held here on Tuesday.

Arif Ahmed Khan, Secretary Economic Affairs Division led the Pakistani delegation while Mr. Cao Quoc Hung,Vice Minister of Industry and Trade, Socialist Republic of Vietnam led the Vietnamese delegation.

Both sides discussed and agreed to initiate steps to enhance bilateral trade and economic cooperation in Agriculture, Information Technology, Education, Health, Investment & Banking and Industrial Sectors.

Two sides developed consensus for frequent interaction of trade bodies and trade exhibitions in order to enhance the volume of bilateral trade in coming years.

The Vietnamese Government reiterated its un-flinched support for Pakistan’s full dialogue partnership with ASEAN which will usher in new vistas of cooperation in the fields of trade and investment between the two countries.

Pakistani Government proposed Vietnamese side to move forward on Preferential Trade Agreement during forthcoming meeting of Joint Trade Committee (JTC).

Both sides showed their resolve for enhanced cooperation in Agriculture, Science & Technology, and Information Technology sectors through frequent interaction of Joint Working Groups (JWGs) that will yield productive results.

The bilateral investment and establishment of banking channels will be catalyst in realizing these objectives. Both sides also decided to continue cooperation with each other in Health, Education and Industrial Sector. Vietnamese side was offered to invest in Information Technology, food processing and automobile sector in Pakistan.