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Vietnam-Timor-Leste: Trade continues to increase during the COVID-19 pandemic

On the afternoon of January 12, at the headquarters of the Ministry of Foreign Affairs, Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh held online talks with Minister of Foreign Affairs and Cooperation Timor-Leste Adaljiza Albertina Xavier Reis Magno.
Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh holds online talks with Minister of Foreign Affairs and Cooperation Timor-Leste Adaljiza Albertina Xavier Reis Magno
Minister of Foreign Affairs and Cooperation Timor-Leste congratulates Vietnam’s success as the Chair of ASEAN 2020, especially the signing of the RCEP Agreement, thanks to Vietnam for promoting the organization of two conferences. Online between the representative of ASEAN’s economic and socio-cultural pillars and Timor-Leste in 2020, emphasizing that Timor-Leste considers joining ASEAN as one of the most important priorities in its foreign policy. me. Minister of Foreign Affairs and Cooperation Timor-Leste also thanked Vietnam for the support from Timor-Leste, including rice exports that help Timor-Leste keep food security in the country.
Deputy Prime Minister and Minister Pham Binh Minh expressed his joy that trade exchanges between the two countries continued to increase even in the context of the COVID-19 epidemic affecting world economic growth, affirming that Vietnam is ready Support and active cooperation in the fields of Timor-Leste needing such as agriculture, fisheries, oil and gas …
Deputy Prime Minister and Minister Pham Binh Minh emphasized that the two sides need to establish and implement specific mechanisms and measures to effectively exploit the great potentials of cooperation between the two countries. In the immediate future, the Deputy Prime Minister and Minister suggested that Timor-Leste soon approve the Bilateral Trade Agreement signed in 2013, sign the Agreement on the Protection of Bilateral Investment, the Bilateral Agreement on visa exemption for the carrier. diplomatic and official screening; create favorable conditions for Vietnamese businesses, including Viettel Telemor, to conduct cooperation, investment and business activities in Timor-Leste, resolve arising issues in accordance with the law and above. the spirit of good cooperation between the two countries.
The two Ministers agreed to strengthen the bridging role of the two Ministries of Foreign Affairs in promoting cooperation in all fields, including promoting exchanges and contacts at high levels and at all levels, and soon implement the mechanism. Joint Commission on Bilateral Cooperation to create a framework to foster cooperation in potential and need areas of both sides such as agriculture, fisheries, textiles, consumer goods, industrial machinery and equipment electricity, oil and gas; coordinated to effectively implement the Rice Trade Cooperation Agreement signed in 2015; create favorable conditions for Timor-Leste students to study in Vietnam. The two sides affirmed their continued cooperation and mutual support at regional and international organizations and forums, especially at the United Nations. Deputy Prime Minister and Minister Pham Binh Minh welcomed and supported Timor-Leste’s aspirations to join ASEAN.

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