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The UK, Vietnam boost trade-investment tiesUK-Vietnam Joint Economic and Trade Committee (JETCO) will meet in London on November 8 to discuss ways to promote trade and investment cooperation between the two countries.

The meeting will also address other issues including intellectual property rights, trade dispute resolution and those of importance to bilateral trade and investment ties.

The talks will be co-chaired by Hugo Swire, Minister of State for Foreign and Commonwealth Affairs, and Ho Thi Kim Thoa, Deputy Minister of the Vietnamese Ministry of Industry and Trade.

The British Embassy in Hanoi quotes Swire ahead of the meeting as saying trade and investment is an integral part of the UK-Vietnam Strategic Partnership, with two-way trade growing by over 25 percent last year.

“As we look ahead to celebrating 40 years of diplomatic relations between our countries in 2013, I hope that these talks will help us to realise the full potential of our partnership,” said Swire.

This is the sixth meeting of JETCO, which was established in 2007 as a mechanism to discuss and tackle bilateral trade issues. The meeting is convened annually, alternating between London and Hanoi.

Trade and investment forms the core of the UK-Vietnam Strategic Partnership Agreement, aiming to raise two-way trade to US$4 billion and UK foreign direct investment to US$3 billion by 2013.

(VOV)

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