Australia's Minister for Trade, Tourism and Investment Simon Birmingham joined his Indonesian counterpart Enggartiasto Lukita to sign the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) in the Indonesian capital Jakarta. Both Australia and Indonesia rank in the world's top 20 economies but are not in each other's top 10 trading partners despite being close neighbors. "Bolstering economic ties between our nations will create new trade opportunities for Australian and Indonesian businesses, boost two-way investment and increase prosperity in both countries," Birmingham and Prime Minister Scott Morrison said in a statement on March 4. "With a population of 270 million and high levels of economic growth, Indonesia is on track to become one of the world's largest economies. This makes the strengthening of our ties both strategically and economically important. "This is a great deal for Australia: it means that 99 percent of Australian goods (by value) will enter … [Read more...] about Australia, Indonesia sign landmark FTA agreement
Free general partnership agreement
Vietnam, Hungary agree to lift relations to comprehensive partnership
>>> Party chief meets Hungarian Socialist Party Chairman >>> Party chief visits representatives of Vietnamese community in Hungary The CPV chief said Vietnam considers Hungary a leading partner in central Eastern Europe and congratulated Hungary on scoring a number of important socio-economic achievements, catapulting the country into the position of one of the leading economies in the European Union with political stability and social unity. Orban, for his part, said Hungary considers Vietnam its most important partner in Southeast Asia, affirming that the visit will create a new milestone and driving force for the bilateral traditional friendship and multifaceted cooperation. Both sides agreed to maintain regular visits and exchanges between high-ranking leaders, strengthen political consultations and strategic dialogues via Party, Government, and National Assembly channels, as well as between ministries, agencies, and localities. They expressed their determination … [Read more...] about Vietnam, Hungary agree to lift relations to comprehensive partnership
Vietnam, Hungary upgrade relations to comprehensive partnership
General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong and Hungarian Prime Minister Viktor Orban. On the morning of September 10 (local time), Party General Secretary Nguyen Phu Trong had talks with Hungarian Prime Minister Viktor Orban in Budapest. The two sides concurred agreed to maintain reciprocal visits and exchanges between high-ranking leaders, boost political consultations and strategic dialogues through different channels, including Party, Government, and National Assembly, ministries, agencies, and localities. They showed their determination to enhance effective collaboration across a variety of fields, especially in economics, trade, investment, national defence, education-training, science-technology, environment, healthcare, culture, sports, and tourism, as well as share experience in maintaining and upholding traditional cultural identities during the process of development. The duo pledged to promote consultation on … [Read more...] about Vietnam, Hungary upgrade relations to comprehensive partnership
An important milestone in promoting Vietnam-Russia comprehensive strategic partnership
A joint statement on the results of General Secretary Nguyen Phu Trong’s official visit to Russia affirmed the consistent policy of Vietnam in strengthening the comprehensive strategic partnership between Vietnam and Russia, in order to meet the long-term interests of their peoples, and affirmed the importance of maintaining joint efforts to promote cooperation in all areas. Taking place ahead of big events of the two countries, including the 25th anniversary of a treaty on the basic principles for bilateral friendship in 2019 and the 70th anniversary of the diplomatic relationship between Vietnam and Russia in 2020, General Secretary Nguyen Phu Trong's visit to Russia is a special event that holds important historical significance for both Vietnam and Russia. The leaders’ agreement on consolidating, expanding and deepening the comprehensive strategic partnership between Vietnam and Russia showed a deep strategic vision, meeting the long-term interests of their peoples in … [Read more...] about An important milestone in promoting Vietnam-Russia comprehensive strategic partnership
Boosting Vietnam-Russia comprehensive strategic partnership in a deeper, substantive and effective manner
The visit is an important milestone, helping to consolidate political trust, strengthen strategic cohesion, and enhancing the effectiveness of bilateral cooperation while affirming the consistent policy of Vietnam in regarding Russia as the top prioritised partner in its foreign policy. The visit is also expected to create a new impetus to foster the comprehensive strategic partnership between Vietnam and Russia to develop in a deep, substantive and effective manner. The Vietnamese people are happy to share achievements in all aspects that Russia has accomplished in the past years. Russia's socio-political situation is quite stable, with high consensus among the people. In addition, Russia successfully held a presidential election on March 18 under which veteran and highly-respected leader Vladimir Putin won an overwhelming victory with nearly 77% of the vote and established the government for a new tenure. However, Russia is currently facing many difficulties due to the Western … [Read more...] about Boosting Vietnam-Russia comprehensive strategic partnership in a deeper, substantive and effective manner