Pakistan, Vietnam boost trade links

(VOV) -Pakistani Finance Deputy Minister Tariq Bajwa expressed his nation's desire to sign a preferential trade agreement with Vietnam to push trade exchange at the third session of the Vietnam-Pakistan Intergovernmental Committee, hosted by the Ministry of Industry and Trade (MoIT) in Hanoi on December 9.

At the discussion, MoIT Deputy Minister Do Thang Hai said both sides should intensify delegation exchanges to boost bilateral engagement while stressing the importance of encouraging trade promotion programmes and market research among the business communities. 

Both sides should outline orientations for agriculture, finance, banking and tourism cooperation, he added, noting that Pakistan needs to enhance cooperation with Vietnam in potential fields, particularly technology.

According to statistics from the General Department of Vietnam Customs, trade revenue between Vietnam and Pakistan jumped to US$ 427 million in 2014 from  US$242 million in 2010. 

Pakistan is the biggest importer of Vietnamese tea with 35,000 tonnes at US$81.2 million in 2014. 

Vietnam mainly imports fabric, cotton, chemicals and animal feeds from Pakistan.