Vietnam, Egypt should bolster trade promotion: President

ABO/VNA – Accelerating trade promotion is crucial for Vietnam and Egypt to make the bilateral economic and trade ties develop in a more effective and practical manner, President Tran Dai Quang has said.

President Tran Dai Quang (R) and Egyptian Prime Minister Mostafa Madbouly (Photo: VNA)

In a meeting with Egyptian Prime Minister Mostafa Madbouly on August 27 as part of his visit to the African country, President Quang recommended both sides focus more on market study across the fields of energy, telecommunications, garment and leather shoes, food processing, and metallurgy, among others.

He proposed Egypt complete domestic procedures so that the agreement on double taxation avoidance will soon take effect, facilitating Vietnam to bring its farm produce such as peppercorn, coffee and tea, and aquatic products like tra and basa fish into Egyptian supermarkets.

President Quang said he believed that together with concerted efforts and direction of the two Governments, the eight agreements inked during his visit will elevate the cooperative ties in 2018 and the following years.

Also, he lauded the Egyptian Government’s role in maintaining social order and developing the economy in the past time, which helps Egypt become a leading economy in the continent with its GDP reaching 1.2 trillion USD and economic growth at more than 5 percent per year.

He expressed his hope that the visit will contribute to helping both nations realise their set goals of 1 billion USD in bilateral trade value by 2020.

The Egyptian Prime Minister, for his part, affirmed he will direct relevant ministries and sectors to effectively implement the signed agreements as well as make meticulous preparations for the 6th meeting of the Vietnam-Egypt Inter-governmental Committee to be held in Egypt in 2019.

He pledged to create favourable conditions for Vietnamese enterprises in making investment in the host nation.

At the meeting, both sides agreed to carry out the Halal standard programme for Vietnamese exports to Muslim market in general and Egypt in particular. They lauded the cooperative agreement between Ninh Binh province and Egypt’s Luxor city, saying that it will create premise for other localities to bolster collaborative mechanisms and set up twining relations.

On the occasion, President Quang conveyed to Mostafa Madbouly Prime Minister Nguyen Xuan Phuc’s invitation to visit Vietnam at an early date, and the Egyptian leader accepted the invitation with pleasure.

On August 27, President Quang’s spouse, Nguyen Thi Hien, visited Egypt’s Children’s Cancer Hospital.

(Source: VNA)