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Vietnam - Bangladesh ties advanced further

Released at: 11:48, 06/03/2018

Vietnam - Bangladesh ties advanced further

President Tran Dai Quang (R) met with Prime Minister Sheikh Hasina in Dhaka on March 5 (Photo: VNA)

State President Tran Dai Quang paying State visit to Bangladesh from March 4 to 6.

by Long Van

During their talks in Dhaka on March 5, State President Tran Dai Quang and Bangladeshi Prime Minister Sheikh Hasina agreed to exert greater efforts to double the two countries’ two-way trade by 2020, which stood at nearly $900 million in 2017, according to a report from the Vietnam News Agency.

At the talks, which took place during the State visit to Bangladesh by President Quang from March 4 to 6, the two leaders outlined major orientations as well as specific measures for bilateral relations in the future.

The two countries will bring into full play their advantages to gain better cooperative results as both are potential markets with huge populations, a young workforce, and dynamic business communities, while they are also gateways to Southeast Asia and South Asia, respectively.

Prime Minister Hasina said she is impressed by Vietnam’s socioeconomic development achievements, believing that President Quang’s visit on the occasion of the 45th anniversary of diplomatic ties will open up more opportunities to raise relations to new heights.

Both host and guest discussed the possibility of cooperation in garment and textiles, leather shoes and leather products, food processing, and pharmaceuticals on the basis of each country’s strengths, while pledging to speed up the opening of a direct air route connecting the two countries.

The Bangladeshi leader committed to creating all favorable conditions possible to help Vietnamese enterprises expand their investments in her country.

She expressed her hope to learn from Vietnam’s experience in agricultural production and affirmed the continuation of Vietnamese rice imports.

The two leaders reached consensus on strengthening collaboration in defense, security, education, tourism, culture, and people-to-people diplomacy, and maintaining a good relationship at regional and international forums, including the UN, the Non-Aligned Movement, the ASEAN Region Forum, and the Asia-Europe Meeting (ASEM).

Discussing regional and global situations of mutual concern, they expressed their support for the promotion of peace, stability, security, and aviation and maritime freedom and safety in the East Sea, as well as the settlement of disputes by peaceful means on the basis of international law, including the United Nations Convention on the Law of the Sea 1982, the implementation of the Declaration on the Conduct of Parties in the East Sea, and the formation of a practical Code of Conduct in the East Sea.

After the talks, the two leaders witnessed the signing of several cooperative documents: a memorandum of understanding (MoU) on aquaculture and husbandry cooperation during 2018-2022 between the Ministry of Agriculture and Rural Development and Bangladesh’s Ministry of Fisheries and Livestock, an MoU on machinery manufacturing cooperation between the Ministry of Industry and Trade and Bangladesh’s Ministry of Industries, and an agreement on cultural exchange programs between the Ministry of Culture, Sports and Tourism and Bangladesh’s Ministry of Culture.

At the post-talks press conference, Prime Minister Hasina stressed that Vietnam is one of the closest neighbors of Bangladesh, which shares the same aspirations of promoting peace and development as well as similarities in terms of culture and traditional social values.

She affirmed the Bangladeshi Government encourages enterprises from the two countries to seek business and investment opportunities in each other’s markets.

The Bangladeshi Government wishes to set up a dialogue partnership by sector with ASEAN and join the Mekong-Lancang Cooperation forum, she said.

Highlighting the fruitful development of bilateral relations, President Quang stressed that on the solid basis of the diplomatic ties over the past 45 years and the great potential of the two countries, the leaders agreed to seek suitable measures for creating breakthroughs towards deepening bilateral relations in a more intensive, practical and effective manner, for the sake of their people.

He said that along with agreeing on key orientations for the relations, many specific measures have been outlined to promote cooperation across fields, in politics-diplomacy, defense-security, economy-trade-investment, agriculture-breeding, education-training, culture, and tourism.

The two sides will enhance the exchange of high-level visits and fully tap bilateral cooperation mechanisms, as well as exploit the possibilities of connections in defense-security, especially in the defense industry, logistics and military healthcare, he noted.

Meanwhile, they also proposed ways to lift two-way trade to $2 billion in 2020 and considered the possibility of forming joint ventures, associations, and production chains and applying high technologies in agricultural production, he added.

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