 Deputy Minister of Industry and Trade Do Thang Hai (C) at the second meeting of the Vietnam-Uruguay Joint Committee on economic, trade and investment cooperation (Photo: VNA) |
During the online event, the two sides reviewed bilateral cooperation on economics, trade, investment, finance, agriculture, science and technology since the first meeting held in October 2018 in Uruguay's Montevideo capital city. They discussed and proposed plans to further promote bilateral cooperation in the coming time.
They agreed that bilateral trade relations still remains modest and has yet to match the potential. They underlined the need to promote cooperation in bilateral and multilateral frameworks, and diversify import and export products.
The two sides should focus on promoting trade promotion and connection activities, and supporting the business community in seeking markets and business opportunities towards gradually recovering post-COVID-19 bilateral trade.
Data from the General Department of Vietnam Customs show that the total import-export turnover between Vietnam and Uruguay in 2020 reached 70.76 million USD, down 6.89 percent year-on-year.