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Vietnam Today

President heads to Cuba and Peru

Released at: 19:46, 14/11/2016

President heads to Cuba and Peru

Photo: Duc Anh

State President to visit Cuba and then an APEC meeting in Peru, starting on November 15.

by Ha Nguyen

State President Tran Dai Quang and his wife began an official visit to Cuba on November 15 at the invitation of the President of the Cuban Council of State and Council of Ministers, Raul Castro.

Since Vietnam and Cuba set up diplomatic ties on December 2, 1960, bilateral relations have consolidated and flourished in all fields, according to the government's news portal.

The two sides have maintained regular exchanges of delegations, joint government committees, Party theory seminars, political consultations, and security-national defense dialogue. Cooperation in economics, trade, and investment have progressed in a positive manner.

Annual two-way trade stands at some $200 million, according to official figures. Vietnam primarily exports rice and consumer products to Cuba and imports biological products and pharmaceuticals.

In recent years the Vietnamese Government has always encouraged the business communities of the two countries to boost commercial links in accordance with traditional political and diplomatic ties.

During President Quang’s visit through November 17, both sides are expected to cement and deepen the solidarity and brotherhood and comprehensive ties between the two Parties, States and people. Leaders of both countries will discuss and approve directions and measures to strengthen bilateral ties into the future.

President Quang then will head to Peru to attend the 24th High-Level Week of the Asia-Pacific Economic Cooperation (APEC) Forum, from November 17 to 20.

Since 1989, APEC has been a leading cooperative forum in the Asia-Pacific region. With 21 members, it comprises the world’s leading economies - nine members of the G20 and a large number of newly-emerging and dynamic economies - representing 39 per cent of the global population, 59 per cent of GDP, and 48 per cent of international trade.

The 24th APEC Economic Leaders’ Week is set to push for the completion of the Bogor Goals for trade and investment liberalization by 2020 and the cooperative orientations adopted in 2014-2015, as well as forge the Asia-Pacific Trade Agreement.

It is also expected to adopt certain priorities in 2016 - regional economic connectivity and quality growth, regional food market internationalization of micro, small, and medium enterprises, and human resources development.

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