Vietnam supports initiatives of APEC member economies to fulfill the Bogor Goals, including those aimed at dealing with trade barriers, said Minister of Industry and Trade Vu Huy Hoang.
Hoang made the statement while attending the 19th Trade Ministerial Meeting of the Asia-Pacific Economic Cooperation (APEC) in Indonesia on April 20-21.
Minister Hoang led the Vietnamese delegation in separate meetings with APEC partners, with a view to fostering economics, trade and industrial cooperation and promoting negotiations on free trade agreements (FTAs).
He affirmed Vietnam’s consistent policies on regional and international economic integration, saying that the country backs the World Trade Organization (WTO) and aims to complete Doha negotiations soon.
Vietnam gives priority to strengthening cooperation with APEC members, especially in connecting the supply chain, providing assistance to small-and-medium-sized businesses (SMEs), and developing infrastructure, he said.
The Minister also proposed Vietnam’s initiative to create more favourable conditions for the support industry and promote experience sharing in capital allocation for renewable energy development, which won great applause from APEC members.
Vietnam has made constant efforts in boosting trade and investment in the region and helping other APEC member economies increase development capacity.
As an active member, Vietnam had successfully hosted APEC’s major events and implemented many capacity building programmes in the framework of FTAs negotiations.
On the sidelines of the 19th APEC Trade Ministerial Meeting, the Vietnamese delegation also took part in meetings on Trans-Pacific Partnership Agreement (TPP) negotiations.
Minister Hoang held bilateral meetings with APEC ministers and head delegates from Russia, Belarus, Kazakhstan, the US, China, Canada, the Republic of Korea, New Zealand, and Hong Kong (China) to accelerate bilateral cooperation in the fields of economics, trade and industry, as well as the progress of FTAs negotiations between Vietnam and these countries.