The discussions also touched on the World Trade Organisation’s 13th Ministerial Conference of the World (MC13), which is being held in Abu Dhabi in February 2024, and how Vietnam can support the UAE’s mission to build consensus on key issues such as WTO reform, dispute resolution and the development of global rules for digital trade
Dr. Thani heralded the developing relationship between the two nations and the potential deeper ties will help realise. “Vietnam is the UAE’s leading trade partner among ASEAN countries, with bilateral non-oil trade totalling US$8.7 billion in 2022, which accounts for 27 percent of trade with the bloc.
The proposed UAE-Vietnam Comprehensive Economic Partnership Agreement will push these figures even higher and underline the benefits of open, rules-based trade. We also see considerable opportunity for our private-sectors in high-potential areas, particularly in developing the green economy and food security.”
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