He stressed Việt Nam’s important role in promoting Italy-ASEAN ties given that Việt Nam was the biggest trading partner of Italy within the bloc while Italy was Việt Nam’s fourth largest partner in the EU. Việt Nam served as an important gateway for Italian enterprises to enter not only Southeast Asia but also China, two important markets, Lộc said. Italian Prime Minister Giuseppe Conte, who is on an official trip to Việt Nam, reaffirmed at the meeting that ASEAN was a “fundamental partner” of Italy in Asia. Việt Nam, Thailand and Malaysia were forecast to gain from the trade tensions, particularly in ICT product manufacturing and consumer goods, as well as automotive and parts production. In 2017, ASEAN imported goods worth $10.9 billion from Italy while the European country received nearly $8.8 billion in goods from ASEAN.
Source: Viet Nam News June 07, 2019 02:03 UTC