Symposium explores trade potential with Argentina

27-Nov-2021 Intellasia | VOV | 5:02 AM Print This Post

The Vietnamese Embassy in Argentina hosted a symposium on November 24 aimed at exploring development potential for trade between Vietnam and Argentina.

The event updated Vietnamese enterprises about Argentina’s import policies and market towards expanding and diversifying the flow of goods between the two sides.

In his remarks, Vietnamese Ambassador Duong Quoc Thanh highlighted bilateral relations with Argentina over the past 50 years, noting that two-way trade turnover has increased from $1 billion in 2010 to approximately $4 billion last year following the establishment of their comprehensive partnership in 2010.

However, the diplomat said trade exchanges largely focus on major commodities such as corn, soybeans, animal feed, and pharmaceuticals of Argentina, as well as phones and components from the Vietnamese side, while the two sides possess may other key commodities for export.

He attributed these inadequacies to a general lack of information about market demand, a relevant approach, and consumer tastes.

The symposium provides an ideal venue in which to resolve difficulties of market access, whilst simultaneously promoting trade exchanges in order to introduce high-quality products at reasonable prices, said Ambassador Thanh.

In response, Argentina’s Assistant minister of Production Martin Schapiro affirmed that Argentina has always attached great importance to the partnership with Vietnam, adding fruitful cooperation between the two sides has been demonstrated through the effective implementation of joint schemes in various fields such as trade, culture, and health over recent years.

Despite challenges posed by COVID-19, Argentina’s economy remains a potential market for foreign partners, including Vietnam, emphasized the trade official.

He expressed his hope that through this symposium, Vietnamese businesses will gain greater insights into useful information and will strive to devise new export directions to the Argentine market.


Category: Business, Vietnam

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