Britain on Monday reached an a deal with Iceland and Norway to allow trade to continue unchanged if it leaves the European Union without a deal, trade minister Liam Fox said. Britain's Trade Minister Liam Fox - Photo: Reuters Britain is seeking to replicate around 40 EU bilateral trade deals ahead of its exit from the bloc. With just 11 days until Britain is due in law to leave the bloc, the government has yet to win parliament’s backing for its Brexit deal with Brussels. Prime Minister Theresa May has said she will seek a delay to Brexit at a meeting of EU leaders this week but any extension has to be agreed unanimously. If Britain leaves without a deal, existing bilateral trade agreements will cease to apply. “We have just reached agreement with Iceland and Norway to ensure continued access for British businesses to the European Economic Area should we leave the EU without a deal,” Fox said in a statement. “This is one of the largest trade … [Read more...] about UK reaches post Brexit trade agreement with Iceland and Norway
Bilateral trade agreement
Bilateral Cuban agreement inked
Vietnam’s investment and trade ties with Cuba have been fuelled by a bilateral trade agreement, with the Latin American island state promising to open its doors wider to Vietnamese businesses. Party General Secretary, State President Nguyen Phu Trong and Cuban President Miguel Mario Diaz Canel Bermudez, Photo: VNA At the invitation of Party General Secretary, State President Nguyen Phu Trong, and Prime Minister Nguyen Xuan Phuc, President of the Council of State and Council of Ministers of Cuba Miguel Mario Diaz Canel Bermudez paid an official visit last week. The two nations signed a new bilateral trade agreement, which will help increase bilateral trade turnover to $500 million by 2022. Under the deal, Vietnam and Cuba committed to reduce import tariffs for many types of goods of each other, although as yet the specific content of the agreement remains under wraps. Also on this occasion, both countries inked a protocol on financial disbursement and … [Read more...] about Bilateral Cuban agreement inked
India, Indonesia to raise bilateral trade to 50 billion USD by 2025
Indian Prime Minister Narendra Modi (right) and Indonesian President Joko Widodo fly kites at the National Monument in Indonesia. (Photo: Reuters) New Delhi (VNA) – India and Indonesia have agreed to work to boost bilateral trade to 50 billion USD by 2025, Indian Prime Minister Narendra Modi said on May 30 after talks with his Indonesian host, President Joko Widodo. According to Indonesia's Central Statistics Agency (BPS), trade between the two countries in 2016 was 12.9 billion USD. It rose by 28.7 percent to 18.13 billion USD last year with Indonesia's exports to India reaching 14.08 billion USD and its imports standing at 4.05 billion USD, the Press Trust of India (PTI) reported. Indonesia and India have also agreed to lift their ties to a Comprehensive Strategic Partnership. Both sides reached a consensus on holding an annual bilateral summit and continuing regular bilateral consultations. They appreciated the adoption of a shared vision for maritime cooperation in the … [Read more...] about India, Indonesia to raise bilateral trade to 50 billion USD by 2025
VN, Indonesia look to raise bilateral trade to US$10 bln
Deputy PM, FM Pham Binh Minh and Indonesian Minister for Foreign Affairs Retno Marsudi co-chairs the third session of the Bilateral Cooperation Committee meeting at the foreign ministerial level in Ha Noi, April 17, 2018 - Photo: VGP/Hai Minh Deputy PM, FM Pham Binh Minh and Indonesian Minister for Foreign Affairs Retno Marsudi on April 17 co-chaired the third session of the Bilateral Cooperation Committee meeting at the foreign ministerial level in Ha Noi. At the press conference after the meeting, Deputy PM Minh hailed Viet Nam-Indonesia Strategic Partnership, especially after Party General Secretary Nguyen Phu Trong’s official visit to Indonesia in July 2017. He referred to the two nations’ trade growth at 6.5% per year in 2012-2016, reaching US$6.5 billion in bilateral trade in 2017, up 16% against the previous year. They committed … [Read more...] about VN, Indonesia look to raise bilateral trade to US$10 bln
Vietnam, South Korea agree to do $100 billion in bilateral trade by 2020
By Reuters  March 24, 2018 | 09:17 am GMT+7 South Korea's President Moon Jae-in (L) shakes hands with Vietnam's President Tran Dai Quang as they meet at the Presidential Palace in Hanoi on March 23, 2018. Photo by Stringer/Pool via Reuters In 2017, South Korea replaced the United States as Vietnam’s second largest trading partner, after China. Vietnam and South Korea agreed on Friday to seek to boost their bilateral trade to $100 billion by 2020, or 50 percent more than last year’s total. A memorandum of understanding, signed in Hanoi during a visit by South Korean President Moon Jae-in, also lays out guidelines for aiming to reduce Vietnam’s deficit in bilateral trade. After meeting Vietnamese President Tran Dai Quang and signing the MOU, Moon said South Korea will “contribute” to Vietnam’s goal of becoming an industrialized economy by lifting bilateral trade to $100 billion by 2020. Trade between Vietnam and South … [Read more...] about Vietnam, South Korea agree to do $100 billion in bilateral trade by 2020