Vietnam, Chile Want to Sign Free Trade Agreement Shortly

Vietnam attaches an importance to negotiations of bilateral free trade agreement with Chile and wants to learn experiences of the Latin American country in international economic integration process, the Vietnam National Assembly’s official said July 28.

 

National Assembly Vice Chairwoman Tong Thi Phong received a delegation of Chilean parliamentarians led by Vice President of Chamber of Deputies, Jorge Ulloa in Hanoi.

 

Speaking with the guests, the chairwoman affirmed the Vietnamese NA supports the establishment of a joint government committee and hoped the two sides would soon hold the first meeting of the committee to boost economic, trade and investment relations and find out cooperation fields.

 

The Chilean legislator, in return, said Vietnam is one among Asian dynamic economies and a gate for Chilean exporters to ship their goods to the region.

 

Chile is willing to work as a bridge for Vietnam to enter the Latin American market, and in return, wants Vietnam to help Chile open the Asian market’s door, he said.

 

They agreed that the two legislative bodies should boost the exchange of delegations as well as increase the mutual coordination at the Inter-Parliamentary Union and regional inter-parliamentary forums.

 

During the visit to Vietnam from July 25-31, the Chilean guests plan to have working sessions with leaders of some Vietnamese ministries and sectors and visit a number of localities.

 

The bilateral trade between Vietnam and Chile has constantly increased over the past three years, hitting US$161 million in 2006. The figure is predicted to reach US$300 million in 2010. (VNA, Youth)