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Berton B.C. Chiu, a counselor for Regional Economic Integration Projects at Taiwan’s Ministry of Economic Affairs’ Bureau of Foreign Trade, told VIR that a bigger wave of Taiwanese investors would come to Vietnam to invest in, as they saw enormous investment and trade benefits from the country’s multilateral and bilateral free trade agreements (FTAs).
MoreIn 2014, Vietnam gained US$ 3.99 billion from export to Australia, up 13.7% year on year. Seafood exports from Vietnam to Australia reached at US$ 239 million, revealing an increase of 16%. Imports of Australia in 2014 valued US$ 228.7 billion, seafood imports alone were estimated at US$ 1.6 billion, up 5% year on year. Vietnam is known as the third largest seafood supplier to Australia, with 13.7% of the market share, followed by Thailand and China, which accounted for 22.9% and 18.1%, respectively.
MoreKorea and Vietnam signed a free trade agreement (FTA) in Hanoi, the trade ministry said Tuesday. The pact, when ratified by the respective parliaments of the two nations, will make the Southeast Asian country Korea's 15th tariff-free trading partner and boost Seoul's exports of automobiles, electronics and beauty products. The two nations aim to have the pack go into effect this year.
MoreHA NOI (VNS) — Viet Nam expects to reach a total export value of US$2 billion for fruits and vegetables this year, an official of the Viet Nam Vegetable and Fruit Association (Vinafruit) said. Huynh Quang Dau, Vinafruit deputy chairman, said Viet Nam's export value of fruits and vegetables had seen strong growth in recent times, reported kinhtenongthon.com.vn. The export value reached $1.47 billion in 2014, much higher than the $500 million earned in 2013, due to the expansion of the export market.
MoreThe trouble with our trade debates is that people assume they're only about economics. Since World War II, U.S. trade policy has also been a pillar of U.S. foreign policy. In the early postwar decades, America encouraged trade with Europe and Japan - allowing more of their exports into the United States - as a way of achieving our political goals. Trade would build their prosperity, and their prosperity would promote democracy over communism.
MoreIndia and the European Union will likely resume free trade agreement (FTA) negotiations in June, with New Delhi expressing willingness to accommodate the EU’s demands for lower duties on wines, spirits and automobiles, provided Brussels relents to grant India ‘data secure nation’ status besides facilitating easier movement of skilled Indian professionals in Europe.
MoreVietNamNet Bridge – Forty years after the war ended, relations between Viet Nam and the United States have grown significantly, especially in trade. In 2014, Viet Nam became the top ASEAN exporter to the US with a record trade surplus of almost US$25 billion. Bilateral trade reached $36.3 billion last year. Both nations are participants of Trans Pacific Partnership (TPP) trade negotiations, so bilateral trade is predicted to expand.
More(Reuters) - The 12 countries working toward a historic Pacific trade pact could reach a deal at the end of May, though Canada must still show greater willingness to open up its markets, a senior Chilean official said on Thursday. Chile is among the nations in talks over the Trans-Pacific Partnership (TPP), a trade pact that would cover 40 percent of the world economy and includes the United States and Japan.
More(MENAFN - Kuwait News Agency (KUNA)) Japan and the European Union (EU) wrapped up the 10th round of negotiations on a bilateral free trade agreement (FTA) on Tuesday, the Foreign Ministry announced here. At week-long talks in Tokyo, the two sides held fruitful discussions on areas such as trade in goods, trade in services, investment, intellectual property rights, non-tariff measures, government procurement and others, according to the ministry. The schedule of the next round will be arranged accordingly, the ministry said, without providing further details.
MoreHong Kong's Chief Executive C Y Leung said he looked forward to the successful conclusion of negotiations on the proposed Hong Kong-Association of Southeast Asian Nations free trade agreement "in the coming year," during his speech to the ASEAN Leadership Forum in Kuala Lumpur on April 26.
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