Agricultural Cooperation Expected to Help Raise Vietnam-New Zealand Trade
|Deputy Minister of Agriculture and Rural Development Le Quoc Doanh speaks at the dialogue. Photo courtesy of the New Zealand Embassy in Vietnam
At second Vietnam - New Zealand Agricultural Dialogue held virtually on April 6, Vietnam and New Zealand affirmed their commitment to deepening their agriculture and trade.
The sides underlined that in order to realize the goal of lifting two-way trade turnover to US$2 billion by 2024, increasing bilateral agricultural cooperation and connections between the two countries is key.
“Both nations are strong agriculture producers and exporters, with complementary products,” Vietnamese Deputy Minister of Agriculture and Rural Development Le Quoc Doanh said, as cited by VietnamPlus.“The Vietnam - New Zealand Agricultural Dialogue will boost our connections, cooperation and two-way trade, in line with what our two Prime Ministers highlighted in the Strategic Partnership Joint Statement.”
Vietnam remains a promising market for New Zealand and vice versa due to robust demand for key agricultural products.
|Vietnam has exported pomelo to New Zealand. Photo: Nong nghiep (Agriculture) Newspaper
Vietnam’s agro-forestry-aquatic product export and import turnover to New Zealand hit US$549.2 million in 2021, posting year-on-year growth of 11%. The country has exported mango, dragon fruit and rambutan, and is working to ship lime, pomelo and passion fruit to New Zealand.
Of note, Doanh proposed that the New Zealand side help Vietnam to build a supply chain for dragon fruit, as the Southeast Asian nation is the world's largest producer and exporter of the fruit.
For his part, Chief Executive of the New Zealand Ministry for Primary Industries Ray Smith emphasised that this is the opportunity for both sides to consider how the countries can work together to build resilience and vitality in their agriculture economies following the Covid-19 pandemic.
The sides committed to enhancing bilateral trade, reducing agricultural greenhouse gas emissions, promoting food safety, utilising agriculture research and technology, and in rural development.
The New Zealand Ministry for Primary Industries is supporting agriculture cooperation with the Vietnamese Ministry of Agriculture and Rural Development (MARD) with activities in plant health, veterinary epidemiology and electronic certification.
These activities complement New Zealand’s ongoing development programme, which has a number of agriculture projects including the premium fruit development project in Tien Giang, the rural dam safety project in the central region, and the safe vegetables project in Binh Dinh.
|At the second Vietnam - New Zealand Agricultural Dialogue held virtually on April 6. Photo courtesy of the New Zealand Embassy in Vietnam
Smith also reaffirmed that New Zealand will keep assisting the MARD’s greenhouse gas inventory capability through the Global Research Alliance on Agricultural Greenhouse Gases.
At a reception for the new New Zealand Ambassador to Vietnam, Tredene Dobson, in Hanoi last month, Prime Minister Pham Minh Chinh also proposed that New Zealand create more conditions for Vietnamese goods to access its market, Nhan dan (People) Newspaper reported.
The PM thanked the New Zealand Government for providing ODA for Vietnam to realise its sustainable development goals with a focus on agriculture and rural development, human resources, disaster management and response, climate change, and poverty eradication./.
Since Vietnam and New Zealand established diplomatic ties in 1975, the bilateral relations have constantly grown in all areas, from politics, economics, trade, investment, to defence-security, education and tourism.
The two nations lifted their relations to a strategic partnership in 2020 and set to raise the two-way trade to US$2 billion by 2024.
The bilateral trade topped US$1.56 billion last year, an increase of 14%, and by last December, Vietnam was New Zealand’s 15th largest trading partner.
Both Vietnam and New Zealand are signatories to new-generation Free Trade Agreements, notably the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP).
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