UK, Vietnam strengthen trade cooperation
Deputy Minister of Industry and Trade Ho Thi Kim Thoa and British Ambassador to Vietnam Antony Stockes signed the minutes of the sixth session of the Vietnam-UK Joint Economic and Trade Committee (JETCO 6) on December 7.
At the signing ceremony, the two sides repeated the commitment to intensify bilateral ties in all fields mentioned in the 2010 strategic partnership agreement, which stresses JETCO as a mechanism to discuss important issues on trade and economic ties.
They agreed JETCO has to reach specific results and successes in trade to achieve the common targets that will strengthen their bilateral trade relations and mark the 40th anniversary of diplomatic ties next year.
Thoa said that the two sides reached a consensus in the establishment of a working group on pharmaceutical products to discuss related issues and proposals to improve current regulations on intellectual property and mandatory registration of clinical trials.
They agreed JETCO has to reach specific results and successes in trade to achieve the common targets that will strengthen their bilateral trade relations and mark the 40th anniversary of diplomatic ties next year.
Thoa said that the two sides reached a consensus in the establishment of a working group on pharmaceutical products to discuss related issues and proposals to improve current regulations on intellectual property and mandatory registration of clinical trials.
In terms of mechanisms to solve disputes effectively, both sides agreed to boost dialogue between the International Cotton Association and relevant Vietnamese companies.
Stockes pledged to continue supporting Vietnam’s financial services, including training in banking, and aiding Vietnamese banks that want to establish operations in the UK.
The two sides will assess the implementation of JETCO 6’s commitments at quarterly meetings to be held in Hanoi in 2013.