China, Vietnam agree to expand bilateral trade

date_range 14-Dec-2023
visibility 10

China and Vietnam have agreed to take concrete steps to expand bilateral trade in a balanced and sustainable manner. According to a joint statement issued during a state visit to Vietnam by Xi Jinping, Secretary-General of the CPC Central Committee and President of the People's Republic of China, the two countries will play a full role of the Regional Comprehensive Economic Partnership (RCEP) and the China-ASEAN Free Trade Area, as well as strengthening cooperation on the China International Import and Export Fair, the China-ASEAN Expo, the China Import and Export Fair to expand exports. China will actively promote the procedure for obtaining Vietnamese agricultural products, including fresh coconuts, frozen fruits, oranges, avocados and other fresh fruits, medicinal plants and meat products, while Vietnam will actively promote imports of chinese sturgeon.

Vietnam supports China's participation in the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership on the basis of compliance with standards and procedures, the statement said. The two sides will work together to implement the RCEP and promote regional economic connectivity.