Canada Hopes to Diversify and Expand Trade Links with Vietnam

Canada hopes to diversify and expand trade links with Vietnam and boost cooperation within the framework of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Canadian Minister of Foreign Affairs.
April 14, 2022 | 09:12

Vietnam's Prime Minister Pham Minh Chinh received visiting Canadian Minister of Foreign Affairs Mélanie Joly in Hanoi on April 13, asking his guest to help enhance the two countries’ cooperation in different aspects, VNA reported Wednesday.

Prime Minister Pham Minh Chinh (R) meets with Canadian Minister of Foreign Affairs Mélanie Joly in Hanoi on April 13. Photo: VNA
Prime Minister Pham Minh Chinh (R) meets with Canadian Minister of Foreign Affairs Mélanie Joly in Hanoi on April 13. Photo: VNA

Joly’s visit mainly aims to highlight the longstanding bilateral relationship between Canada and Vietnam as they move towards the 5 years of establishing a comprehensive partnership (2017-2022) and the 50th founding anniversary of diplomatic ties in 2023 (1973-2023).

Valuing Joly’s selection of Vietnam as one of the first two Asian countries to pay an official visit to as Foreign Minister of Canada, the host noted with satisfaction that the two countries’ relations have been growing effectively and substantively as seen in bilateral trade topping USD 6 billion in 2021, up 18.5% from 2020, and in the partnership in the Covid-19 combat and climate change response.

Since 2015, Vietnam has become Canada's largest trading partner in Southeast Asia, creating economic prosperity for both countries.

The trade relations between Vietnam and Canada continued to grow despite the pandemic.

Canada also is among the top five study destinations for Vietnamese students, and Vietnam is among the top five source countries for international students in Canada.

He took this occasion to thank the Canadian Government for giving USD 1.3 billion in official development assistance to Vietnam since 1990.

PM Chinh asked the minister to help tighten the two countries’ connections, particularly in economy - trade - investment, security - defence, development support, Covid-19 and climate change response, protection of the marine environment, clean and renewable energy, digital economy, innovation, green growth, green and sustainable agriculture, and training of high-quality human resources.

He called on Canada to continue creating conditions for more Vietnamese goods, especially agricultural and aquatic products, to enter its market.

The Government leader also thanked and asked Canada to keep working closely to help about 240,000 Vietnamese people in the country to make more contributions to Canada’s development as well as bilateral ties.

Canada Hopes to Diversify and Expand Trade Links with Vietnam
Prime Minister Pham Minh Chinh (R) meets with Canadian Minister of Foreign Affairs Mélanie Joly in Hanoi on April 13. Photo: Zing News

For her part, Joly said her visit is to implement her country’s new Indo-Pacific strategy, in which Canada wishes to further intensify relations with some countries in the region, with Vietnam being a leading priority.

She also applauded Vietnam’s commitment made at the 26th UN Climate Change Conference (COP26), affirming that Canada will enhance ties with the Southeast Asian nation in responding to climate change and realising the commitments at COP26.

Canada hopes to diversify and expand trade links with Vietnam and boost cooperation within the framework of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), she went on, asking Vietnam to assist her country to step up the strategic partnership with ASEAN.

The minister also highlighted Canada’s willingness to cooperate with Vietnam in ensuring food security and pledged continued assistance for the Vietnamese community in her country.

Discussing the East Sea issue, the two sides underscored the importance of peacefully resolving disputes on the basis of international law and the UN Convention on the Law of the Sea (UNCLOS); fully implementing the Declaration on the Conduct of Parties in the East Sea; working towards a substantive, effective, and efficient code of conduct in the waters; and ensuring freedom, safety, and security of navigation and overflight in the East Sea with all countries’ interests taken into consideration.

Canada Hopes to Diversify and Expand Trade Links with Vietnam
At the meeting. Photo: Zing News

Regarding the Ukraine issue that the Canadian Foreign Minister mentioned, PM Chinh affirmed Vietnam’s consistent stance of peacefully settling international disputes on the basis of international law and the UN Charter, especially respecting the independence, sovereignty, and territorial integrity of countries.

Vietnam always keeps a close watch on and is extremely concerned about the armed conflict in Ukraine. It calls for an end to the use of force and avoidance of causing casualties or losses to civilians, he stressed.

Vietnam hopes that the relevant sides will soon find out peaceful solutions to disagreements on the basis of international law; the right and legal and legitimate interests of the parties concerned taken into account; security, safety, and essential needs of civilians guaranteed; and humanitarian aid promoted, according to the PM.

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Hannah Nguyen
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