Latvia voices support for signing of the EU-Vietnam Free Trade Agreement in the near future

12.06.2018. 17:42

On 12 June 2018, Hanoi hosted political consultations between the Ministries of Foreign Affairs of Latvia and Vietnam, co-chaired by Andrejs Pildegovičs, State Secretary at the Latvian Foreign Ministry, and Bui Thanh Son, Vice Minister at the Foreign Ministry of Vietnam. The Latvian delegation also included Kaspars Ozoliņš, State secretary at the Ministry of Transport, and representatives from the Ministry of the Interior and the State Border Guard.

As part of his visit, State Secretary Pildegovičs also met with Pham Binh Minh, Prime Minister and Foreign Minister of Vietnam, for a discussion on cooperation between Latvia and Vietnam.

The consultations covered a broad array of topics concerning bilateral relations, latest regional developments and international issues. The State Secretary highlighted the potential for business cooperation, notably in the light of the agreement on the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income signed in October 2017.

The parties shared views on enhancement of the legal framework, with a special focus on an agreement on exemption of the visa requirement for holders of diplomatic passports and a readmission agreement. The partners also agreed to continue work on the drafting of an agreement on cooperation in education. 

In the course of the meeting, opportunities were discussed for expanding cooperation in international formats – ASEM (Asia-Europe Meeting) and the United Nations. In the context of the EU-Vietnam dialogue, Latvia voiced support for the signing, in the shortest possible time, of a Free Trade Agreement, which would foster economic contacts between both countries.

Alongside the political consultations, with a view to discussing opportunities for cooperation in the transport and logistics sector, the Transport Ministry’s State Secretary Kaspars Ozoliņš met with officials from the Ministry of Transport of Vietnam and representatives from ports, airports and rail operators.

The previous political consultations took place in Hanoi, Vietnam, in 2012.

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