Thailand

Vietnam and Thailand Cabinets meet in joint retreat


Published

The Vietnamese and Thai Cabinets held a joint retreat on Saturday (27th October) to discuss a range of issues. Whilst the two prime ministers, Prime Minister of Vietnam Nguyen Tan Dung and Prime Minister of Thailand Yingluck Shinawatra held separate talks, other ministers formed into three groups to discuss Politics & Security, Economic, and Social, Cultural & Educational issues.

On the economy Vietnam.net reports that;

“On economic cooperation, both sides welcomed the outcomes of the 1 st Joint Trade Committee meeting on July 2012 in Hanoi and affirmed the determination to step up trade promotion programs, enhance cooperation between businesses of the two countries, strive to achieve the target of 20 percent annual growth in two-way trade in the 2012-2015 period, promote trade and investment cooperation between the two countries on GMS, East-West Economic Corridor (EWEC) frameworks and conduct study on ways and means to facilitate transport of passengers and goods on other potential routes including Route No.8 and No. 12 linking Thailand-Laos and Vietnam which were not part of GMS CBTA designated routes.

Both sides agreed to continue to enhance cooperation in producing, processing and exporting rice, enhance cooperation in industry and energy, and boost connectivity between the two countries by developing new airline routes between provinces of the two countries in the time to come.

The two sides also welcomed the establishment of the Thailand-Vietnam and the Vietnam-Thailand Business Councils and encouraged closer cooperation between the private sectors of both countries.”

Vitenam.net also reports that the two sides discussed the matter;

“The two PMs exchanged views on the recent developments in the East Sea and underlined the importance of peace, stability, and maritime security and safety in the East Sea, resolve disputes in peaceful manner on the basis of conforming to the law and the 1982 UN Convention on the Law of the Sea, fully and effectively implement the Declaration on the Conduct of Parties in the East Sea (DOC), ASEAN’s declaration of 6-Point Principles on the East Sea and resume discussion towards the adoption of the Code of Conduct in the East Sea (COC).”

Tagged with:

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact enquiries@tradebridgeconsultants.com