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Wednesday, June 26, 2024

Vietnam, China to boost farm trade

By T. Dao

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HCMC – Vietnam’s Ministry of Agriculture and Rural Development has held talks with China’s General Administration of Customs to discuss ways to boost trade in agricultural and aquatic products between the two countries.

During the meeting, Chinese officials said they would accelerate the review and approval of export registrations for Vietnamese enterprises, a move anticipated to facilitate market access for Vietnamese goods in China, according to the Vietnam News Agency.

Vietnam’s farm produce exports to China currently account for less than 5% of China’s total imports in these categories. The ministry sees this as an opportunity to increase market share.

Both sides agreed to strengthen cooperation and plan to finalize market access protocols soon. This includes agreements for the export of fresh coconuts and frozen durians from Vietnam to China.

They also addressed the pilot export of passion fruit and chili peppers, aiming to complete necessary procedures.

The countries are working on protocols for exporting crocodiles, raw bird nests, poultry, and aquatic products from Vietnam to China. Additionally, they agreed on measures to facilitate the import of Chinese sturgeon into Vietnam, with China assisting in enhancing Vietnam’s inspection capabilities.

A protocol on the quarantine requirements for monkeys exported from Vietnam to China was signed. Leaders also finalized technical negotiations on the phytosanitary protocol for fresh coconut exports.

In 2023, bilateral trade in agricultural, forestry, and aquatic products between Vietnam and China reached US$15.53 billion. In the first five months of 2024, the trade volume was US$6.2 billion, up 2.9% over the same period in 2023.

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