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PM proposes kick-starting FTA negotiations with Turkey

01/12/2023    9

Prime Minister Pham Minh Chinh expected that Turkey would consider kicks-starting negotiations on a free trade agreement (FTA) with Vietnam to help boost trade cooperation between the two countries.

Receiving Turkish Minister of Trade Omer Bolat in Ankara on November 29, Chinh, who is in Turkey for an official visit, proposed that both sides soon convene the eighth session of the Vietnam – Turkey inter-governmental committee to further boost bilateral cooperation, especially in economy, trade and investment.

The two sides should increase the organization of trade and investment promotion activities, facilitate market access for their key products and remove anti-dumping measures against partners’ goods and services, he said.

At the meeting, the Vietnamese leader congratulated Turkey on its great achievements in recent times, especially in diversifying the economy, developing industry, agriculture and construction, and promoting the application of science - technology, while expanding international relations, making Turkey a dynamic economy in the region.

Bolat for his part affirmed that Vietnam is Turkey’s top priority economic partner in the Asia-Pacific region. He said following initial successful investment projects, more and more Turkish businesses are interested in the Vietnamese market, especially in Turkey’s strong fields such as construction, industrial production, and consumer goods.

He revealed that a delegation of leading Turkish businesses will come to explore cooperation opportunities in Vietnam in 2024.

Prime Minister Pham Minh Chinh arrived in Ankara early on November 29, beginning an official visit to Turkey at the invitation of the Turkish government.

During his stay, PM Pham Minh Chinh is scheduled to hold talks and meetings with President Recep Tayyip Erdogan, Vice President Cevdet Yilmaz, and Parliament speaker Numan Kurtulmus.

He will also receive a number of ministers and leaders of major economic groups of Turkey, attend the Vietnam – Turkey business forum and visit a number of economic, cultural and historical establishments of Turkey.

Vietnam and Turkey established diplomatic ties on June 7, 1978. Two-way trade between the two countries last year reached nearly US$2 billion.

Currently, Turkey has 36 valid investment projects in Vietnam with a total registered capital of nearly US$1 billion, ranking 26th out of 143 foreign investors in the country.

Source: VOV