Latin American-Vietnamese trade shows drastic upturn

February 15, 2013 | 07:33

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Two-way trade turnover between Vietnam and Latin America grew by an annual 20-30 per cent over recent years to exceed $5 billion in 2011.

This was announced by the Mexican Foreign Ministry.

Prime Minister Nguyen Tan Dung’s decision to attend the first Vietnam-Latin America Trade and Investment Forum demonstrated Vietnam’s readiness to become an important economic partner of Latin American countries.

Vietnam has become one of Mexico’s most important Asian partners. During the last decade, bilateral trade revenue has jumped from $37 million to $1.037 billion.

The Mexican Foreign Ministry press release quoted Mexican representative Nathan Wolf’s speech addressing the Forum that stressed free trade is the correct path towards development.

Wolf thanked Vietnam for supporting Mexico during the latter’s Trans-Pacific Partnership (TPP) negotiations, citing it as a driving force behind strengthening bilateral commercial and economic cooperation.

The semi-official Mexican news agency NOTIME was also covering the Forum in Hanoi, attracting representatives from 15 Latin American countries.

VOV

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