Prime Minister Pham Minh Chinh and UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum
Within the framework of his official visit to the United Arab Emirates (UAE), on the afternoon of October 28, Prime Minister Pham Minh Chinh had talks with UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum.
The Prime Minister praised the important achievements of Dubai in particular and the UAE in general in building and developing the country and believed that the UAE will successfully achieve the goal of "Vision 2031".
Prime Minister Pham Minh Chinh also shared with the Vice President and Prime Minister of the UAE about Vietnam's important achievements since 2007, especially in the economic field when the country's GDP increased nearly 5 times from about 100 billion USD to about 480 billion USD in 2024 if economic growth reaches 7%.
UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum welcomed Prime Minister Pham Minh Chinh's official visit to the UAE, affirming that the visit contributes to further enhancing the good bilateral relations.
Prime Minister Pham Minh Chinh shared with the Vice President and Prime Minister of the UAE about Vietnam's important achievements since 2007.
The two leaders witnessed the signing of the Comprehensive Economic Partnership Agreement (CEPA), Vietnam's first free trade agreement with an Arab country.
This is also the free trade agreement with the fastest negotiation time in Vietnam, demonstrating the high determination of the leaders as well as ministries and branches of the two countries to create a breakthrough in economic, trade and investment cooperation between the two countries, opening a large, historically significant path for Vietnam to penetrate deeply into the Middle East market.
With comprehensive negotiation contents, the CEPA Agreement promises to bring balanced benefits to both countries and is in line with the desire to enhance cooperation in many fields between Vietnam and the UAE.
5 focuses of cooperation in the Trade Agreement
In the spirit of “innovation in thinking, creativity in strategy, consensus in coordination, and determination in implementation to concretize and realize the results of high-level visits between the two countries and signed cooperation agreements”, the two leaders discussed and agreed on 5 key cooperation focuses in the coming time.
The two leaders witnessed the signing of the CEPA Agreement, Vietnam's first free trade agreement with an Arab country.
Firstly , increase delegation exchanges at all levels, create more political trust; establish joint working groups to substantively implement the Comprehensive Partnership.
Second , effectively implement the CEPA Agreement to create a breakthrough in trade exchange, further open the market towards the goal of bringing bilateral trade turnover to over 10 billion USD in the coming time; encourage and create conditions for businesses of the two countries to cooperate in investment and business.
Third , strengthen cooperation in the fields of digital transformation, green transformation, and innovation. Vietnam encourages UAE businesses to invest more in areas that Vietnam is interested in and the UAE has strengths in, such as green transformation infrastructure, digital transformation, digital finance, and especially artificial intelligence, cloud computing, and the Internet of Things.
Fourth , promote cooperation in people-to-people exchange, culture and tourism. Prime Minister Pham Minh Chinh affirmed that he will direct the opening of a direct flight route from Vietnam to the UAE to create more favorable conditions for people of the two countries to increase visits and mutual understanding.
Fifth, strengthen cooperation and mutual support at multilateral forums in the context that both countries share many common views on regional and international issues, are peace-loving peoples, and wish to cooperate for peace, stability and development in the two regions and in the world.
Emphasizing the effective implementation of the contents agreed by both sides, the two leaders agreed to assign relevant ministries and branches to actively coordinate to concretize the proposals.
Thanhnien.vn
Source: https://thanhnien.vn/viet-nam-ky-hiep-dinh-thuong-mai-tu-do-dau-tien-voi-mot-nuoc-a-rap-185241029015341427.htm
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