HÀ NỘI — Việt Nam and Turkey agreed on Thursday to strive for a surge in two-way trade - from the current level of US$725 million to $4 billion by 2020. The agreement was reached during the seventh meeting of the Việt Nam-Turkey Joint Committee chaired by Vietnamese Minister of Industry and Trade (MoIT), Trần Tuấn Anh, and Turkish Minister of Labour and Social Security, Mehmet Muezzinoglu. Muezzinoglu suggested launching negotiations on a bilateral free trade agreement while the Vietnamese side asked Turkey to recognise Việt Nam as a market economy and minimise trade defence measures against Việt Nam’s exports. At a ceremony to sign the minutes of the meeting, Minister Anh said Việt Nam and Turkey already signed agreements on aviation, navigation and double taxation avoidance. Turkey has launched direct flight services connecting Hà Nội and HCM City.

Source: Viet Nam News July 14, 2017 02:01 UTC