New Trade Pact Opens China Market to Vietnam’s Agricultural Products

Vietnam and China have signed a groundbreaking trade agreement, aimed at boosting Vietnam's agricultural exports to China. This includes chili, passion fruit, and swiftlet nests, marking a significant step forward in bilateral trade relations.

Streamlining Trade and Enhancing Connectivity

Both nations are committed to streamlining trade processes through the development of smart border gates and dedicated cargo roads. Additionally, efforts are being made to improve clearance efficiency at border gates to ease congestion, facilitating smoother trade flows.

Boosting Agricultural Exports

China is fast-tracking permits for Vietnamese citrus fruits and plant-based traditional Chinese medicinal herbs, while Vietnam plans to expedite imports of Chinese sturgeon. This mutual agreement is expected to significantly enhance agricultural trade between the two countries.

Commitment to Global Trade Principles

Vietnam and China have pledged to tackle trade and investment barriers, reaffirming their commitment to an open, transparent, and inclusive multilateral trading system. They aim to advance economic globalization that is mutually beneficial and balanced.

Strengthening Strategic Connectivity

Beyond trade, the two nations agreed to enhance strategic connectivity, focusing on infrastructure for rail, road, and border trade. The Vietnam-China Joint Committee on Railway Cooperation will play a pivotal role in executing these initiatives.