Vietnam, Uzbekistan increase trade links

The fourth session of the Vietnam-Uzbekistan Inter-Governmental Committee for Economic, Trade and Scientific-Technological Cooperation convened in Hanoi on July 27.

The Vietnamese delegation was led by Deputy Minister of Industry and Trade Le Danh Vinh, Chairman of Vietnam’s sub-committee, while the Uzbekistani delegation was headed by the First Deputy Minister of Foreign Economic Relations N. Nazhimov, Head of the Uzbekistani sub-committee.

Both parties reviewed the progress of agreements reached during the previous session and discussed bilateral cooperation in a number of areas.

They signed the minutes of the fourth session under which Uzbekistan pledges to supply a long-term and stable provision of commodities including cotton, fertilisers and liquefied gas for Vietnam while Vietnam will provide agro-forestry products and seafood to Uzbekistan .

The two sides will step up cooperation in trade and investment by holding seminars to help businesses from both countries understand each other’s legal frameworks, incentive policies and projects that are calling for investment.

They will focus on cooperation in industry, agriculture, health, education and training, finance and banking and construction.

The fifth session of the committee will be held in Tashken, Uzbekistan in 2011.

Tags: Vietnam Uzbekistan trade