Viet Nam, RoK speed up free trade talks

Viet Nam, RoK speed up free trade talks




Hello. This is the Political report by English123.
Viet Nam and the Republic of Korea will speed their negotiations for the signing of a free trade agreement (FTA) in 2014.
Both sides voiced their pleasure at the growth of the bilateral friendship and cooperation, particularly since the establishment of their strategic cooperative partnership in 2009.
They also agreed on major directions and measures to bring the partnership to a new height for the two countries mutual interests and to assure regional peace, stability, collaboration and development.
They also agreed to increase high-ranking visits to enhance mutual trust and understanding as well as strategic dialogues and result-oriented cooperation in diplomacy, defense and security.
Both sides agreed to intensify their economic and trade relations, working to push two-way trade turnover to US$70 billion by 2020, and devising practical measures to reach a trade balance.
Korean officials also said they will consider easing conditions for Vietnamese imports into the country and to reinforce cooperation in high technology and support industries.
Deputy Minister Nguyen Xuan Phuc affirmed that the Vietnamese Government would spend Korea’s $100 million low-interest loan on expanding e-governance.
He also asked the Korean Government to continue its support to key projects between the two countries, including the Viet Nam-Korea Institute of Science and Technology, the Viet Nam Happiness Program, and a national training center for counter terrorism.
Hyun Oh-Seok said Korea considers Viet Nam to be an important partner in the region. He pledged it would continue giving official development assistance (ODA) supplies to the Southeast Asian country, especially in green growth, infrastructure building and human resource training.
Phuc praised the signing of a memorandum of understanding on labor cooperation between the Korean Ministry of Employment and Labor and the Vietnamese Ministry of Labor, Invalids and Social Affairs.
He also asked the host side to soon provide quotas for Vietnamese workers to seek additional employment in Korea.
I’m Hugo Driver. We will be back with more news from English 123.

Hello. This is the Political report by English123.
Viet Nam and the Republic of Korea will speed their negotiations for the signing of a free trade agreement (FTA) in 2014.
Both sides voiced their pleasure at the growth of the bilateral friendship and cooperation, particularly since the establishment of their strategic cooperative partnership in 2009.
They also agreed on major directions and measures to bring the partnership to a new height for the two countries mutual interests and to assure regional peace, stability, collaboration and development.
They also agreed to increase high-ranking visits to enhance mutual trust and understanding as well as strategic dialogues and result-oriented cooperation in diplomacy, defense and security.
Both sides agreed to intensify their economic and trade relations, working to push two-way trade turnover to US$70 billion by 2020, and devising practical measures to reach a trade balance.
Korean officials also said they will consider easing conditions for Vietnamese imports into the country and to reinforce cooperation in high technology and support industries.
Deputy Minister Nguyen Xuan Phuc affirmed that the Vietnamese Government would spend Korea’s $100 million low-interest loan on expanding e-governance.
He also asked the Korean Government to continue its support to key projects between the two countries, including the Viet Nam-Korea Institute of Science and Technology, the Viet Nam Happiness Program, and a national training center for counter terrorism.
Hyun Oh-Seok said Korea considers Viet Nam to be an important partner in the region. He pledged it would continue giving official development assistance (ODA) supplies to the Southeast Asian country, especially in green growth, infrastructure building and human resource training.
Phuc praised the signing of a memorandum of understanding on labor cooperation between the Korean Ministry of Employment and Labor and the Vietnamese Ministry of Labor, Invalids and Social Affairs.
He also asked the host side to soon provide quotas for Vietnamese workers to seek additional employment in Korea.
I’m Hugo Driver. We will be back with more news from English 123.

Source: vietnamnews

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