(VOV) -Vietnam – Israel trade relations developed remarkably in the first six months of 2014, with bilateral trade jumping 53% year-on-year to US$426 million.
- Israel, Vietnam enhance agricultural cooperation
- Vietnam, Israel cooperate in agricultural field
- Exports to Israel nearly double
Of the total, Vietnam’s export turnover to the country fetched US$261 million, according to the Ministry of Industry and Trade.
Vietnam principally exported mobile phones and components (US$190 million), seafood products (US$22 million), and footwear (US$15 million) to Israel.
It primarily imported fertilizer, machinery, and equipment from the Middle East nation.
Currently, Israel is Vietnam’s fourth largest trading partner in the Middle East, trailing behind the United Arab Emirates (UAE), Turkey, and Saudi Arabia.
In the coming time, the two sides will continue to implement cooperative mechanisms, introduce incentives, and exploit the two countries’ untapped potential, aiming to boost industrial production and increase trade exchange for mutual benefit.
The two countries are scheduled to sign a free trade agreement (FTA) in late 2014, helping ease trade barriers and streamline complex administrative procedures.
Addressing a recent Vietnam-Israel Commercial Committee meeting in Hanoi, Israeli Ambassador to Vietnam Meirav Eilon Shahar revealed Israeli is keen on expanding agriculture cooperation with Vietnam.
She said agricultural cooperation will greatly support expanded business partnerships and expressed hope that the two governments will work closely to create the best possible conditions for the benefit of economic growth.
Currently Israel is undertaking 16 investment projects capitalised at US$20.65 million in Vietnam, ranking it 62nd among foreign investors in the country.
Đăng ký: VietNam News
