New Zealand, Vietnam Agree to Increase Trade

New Zealand and Vietnam have announced ambitious new trade goals following a meeting between New Zealand Prime Minister John Key and Vietnamese Prime Minister Nguyen Tan Dung in Wellington.

“New Zealand and Vietnam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020,” said a statement by Key’s office.

The two sides also signed a “cooperation arrangement on food safety and an air services agreement which will provide greater choices for New Zealanders flying to Vietnam,” the statement added.

The New Zealand leader said the deal reflects the “growing relationship between two close regional partners.” “As we celebrate 40 years of diplomatic ties this year our relationship is in great health.”

Article Source: Voice of America, Colin Nguyen & William Gallo, March 19, 2015

Image Source: Wikimedia.org