Vietnam, Brazil aim to raise bilateral trade to 15 billion USD by 2030

Chia sẻ
(VOVWORLD) - Prime Minister Pham Minh Chinh and Brazilian President Luiz Inacio Lula da Silva held talks in Brasilia on Monday as part of the Vietnamese leader’s official visit to the South American country.
Vietnam, Brazil aim to raise bilateral trade to 15 billion USD by 2030 - ảnh 1Brazilian President Luiz Inacio Lula da Silva hosts a welcome ceremony for Prime Minister Pham Minh Chinh in Brasilia on September 25 

Welcoming PM Chinh and the high-ranking delegation of Vietnam, the Brazilian President expressed his belief that the visit will help develop the two countries’ traditional friendship and sound cooperation to a new height, thus actively contributing to peace, stability, and development in the two regions and the world.

PM Chinh voiced his delight at the growing Vietnam - Brazil relations and stressed that Vietnam attaches importance to the ties with Brazil, one of its leading partners in Latin America.
The two leaders noted with satisfaction that bilateral relations have been flourishing and becoming increasingly effective and substantive, especially in politics - diplomacy, parliament, economy, trade, defence - security, agriculture, science - technology, culture, education, and people-to-people exchanges.
Vietnam, Brazil aim to raise bilateral trade to 15 billion USD by 2030 - ảnh 2The talks between PM Pham Minh Chinh and Brazilian President Luiz Inacio Lula da Silva in Brasilia on September 25.

Both sides agreed to keep increasing mutual visits and meetings at all levels between the countries’ Parties, States, Governments, and parliaments; coordinate to organise activities marking the 35th anniversary of bilateral diplomatic ties in 2024; effectively implement the existing political consultation and economic - trade cooperation mechanisms, and hold the third meeting of the Joint Committee for Economic - Trade Cooperation soon; and strive to raise bilateral trade to 10 billion USD by 2025 and 15 billion USD by 2030.

They also agreed to continue promoting the start of negotiations on a free trade agreement between Vietnam and the Southern Common Market (MERCOSUR), of which Brazil is a member. They held that once signed and taking effect, this agreement will create momentum for business, trade, and investment partnerships, thus generating substantive results for enterprises and people of Vietnam and MERCOSUR member countries while enhancing inter-regional economic connections.
PM Chinh asked Brazil to provide conditions for increasing the import of Vietnamese goods to help balance bilateral trade.
PM Chinh and President Lula da Silva concurred that their countries will step up discussion to soon reach consensus on Brazil’s recognition of Vietnam’s market economy status. They also agreed to promote the signing of a double taxation avoidance agreement.
They agreed to enhance cooperation in defence - security by boosting the negotiation, signing, and effective implementation of related cooperation deals. The countries will also coordinate with each other within multilateral mechanisms and activities that both take part in.
The leaders were unanimous in fostering ties in new areas of common interest. They highly valued the important documents relevant to diplomacy, education - training, defence, and agriculture signed during this visit. They agreed to augment collaboration in trans-national crime combat, sports (including football), innovation, digital transformation, green development, renewable energy, climate change fight, bio-fuel, conservation of tropical forest ecosystems and biodiversity, and protection of the Mekong and Amazon river ecosystems.
The Vietnamese side showed support for and congratulated Brazil on becoming a sectoral dialogue partner of the Association of Southeast Asian Nations (ASEAN). PM Chinh affirmed that Vietnam is ready to assist Brazil to strengthen cooperation with ASEAN and bring the ASEAN - MERCOSUR relations on par with the cooperation potential and strengths of each side.
The two leaders shared the view that the parties concerned need to resolve international differences and disputes by peaceful means, not use or threaten to use force, and respect international law and the UN Charter.
The Brazilian side voiced support for the peaceful settlement of disputes in the East Sea on the basis of international law, including the 1982 UN Convention on the Law of the Sea (UNCLOS), and the guaranteeing of security, safety, and freedom of navigation and overflight in the waters.

Concluding the talks, the Vietnamese and Brazilian leaders adopted a joint communiqué and witnessed the signing of some cooperation documents between their countries.
After that, they joined a press conference to inform about the talks’ outcomes. Speaking at a press conference, President Lula da Silva urged the two countries to ensure trade balance.

In his speech, Prime Minister Pham Minh Chinh said:  “ We agreed that the Vietnam-Brazil comprehensive partnership has grown steadily over the years. The exchanges of high-ranking contacts and delegations between the Parties, governments and Parliaments of the two countries have been maintained. Vietnamese and Brazilian people have maintained sincere affection, mutual trust, solidarity and friendship. Our trade relations have developed strongly."
"Brazil is Vietnam’s top partner in Latin America and Vietnam is Brazil's largest partner in ASEAN. We agreed to continue to expand cooperation in all fields. The Brazilian President and members of the Brazilian government will soon recognize Vietnam’s market economy status which will contribute to boosting bilateral trade and investment ties," said Vietnamese Prime Minister Pham Minh Chinh.