Vietnam, UK discusses trade cooperation

National Assembly Chairman Vuong Dinh Hue praised the signing of the UK-Vietnam Free Trade Agreement (UKVFTA), which he said was negotiated quickly on the basis of the free trade commitments between Vietnam and the EU.

Meeting British Secretary of State for International Trade Anne Marie Trevelyan in London on Wednesday, Chairman Hue said Vietnam is ready to create all favorable conditions for British investors to operate in Vietnam. The two sides jointly create favorable conditions to promote cooperation between their businesses, he said.

Trevelyan said that the potential for cooperation between Vietnam and the UK, especially trade cooperation is huge, expecting that British businesses will contribute to the socio-economic development of Vietnam. Currently, the UK is conducting negotiations to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the results so far have shown very positive, she said.

The UK is also focusing its trade activities on the Indian Ocean and Pacific regions, in which Vietnam has an important position, not only as a bilateral partner but also as a member of the CPTPP. Minister Trevelyan said she hopes Britain will soon become a member of the CPTPP.

Source: VOV5

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