Consultation workshop on building an ecosystem to support businesses in taking advantage of FTAs

In addition, the workshop was attended by representatives of ministries, branches, localities, industry associations, domestic and international experts and a large business community in many fields.

Overview of the Consultation Workshop to collect opinions on content development for the Ecosystem to support businesses in taking advantage of FTAs.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan emphasized that the development and implementation of the Ecosystem Project to support enterprises in implementing FTAs is a strategic step to implement the Government's direction on improving integration capacity, creating momentum for trade and economic growth of the country.

Australian Ambassador to Vietnam Gillian Bird also shared that the Memorandum of Understanding marks an important milestone in the Vietnam-Australia relationship.

This workshop is an opportunity for the Ministry of Industry and Trade to present the Ecosystem Project to support businesses in taking advantage of FTAs and listen to multi-dimensional, scientific and constructive comments from delegates attending the workshop. According to the draft Project, the Ecosystem will be a comprehensive network connecting entities in the value chain - from production, processing, logistics, finance, associations to management agencies - to support businesses in optimizing benefits from FTAs, improving competitiveness and promoting cooperation between the public and private sectors. This model aims to form a culture of connection, information sharing, and mutual support to create a platform to help businesses take more effective advantage of opportunities from FTAs that Vietnam has participated in.

The ecosystem supporting businesses to take advantage of FTAs is expected to bring many positive impacts to the Vietnamese economy , especially in expanding and diversifying export markets, attracting foreign investment, improving productivity and promoting the process of transforming the growth model towards green and sustainable direction.

Delegates attending the workshop actively exchanged, discussed and contributed many valuable ideas to make the Project more effective and practical.

Delegates attending the workshop actively exchanged, discussed and contributed many valuable ideas to make the Project more effective and practical.

In his concluding remarks, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan affirmed that the establishment of an Ecosystem to support businesses in taking advantage of FTAs is a strategic step to implement the Government's direction on improving integration capacity, creating momentum for trade and economic growth in the country. The Ministry of Industry and Trade will collect opinions from ministries, branches, localities, associations and experts to complete the Project, which is expected to be submitted to the Prime Minister this year.

Within the framework of the workshop, a Memorandum of Understanding (MoU) was signed on maximizing the potential of FTAs between the Ministry of Industry and Trade of Vietnam and the Ministry of Foreign Affairs and Trade of Australia. The MoU was signed by Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan and Ms. Gillian Bird, Australian Ambassador to Vietnam, contributing to strengthening the comprehensive strategic partnership between the two countries, promoting free trade and supporting Vietnamese enterprises to effectively utilize FTAs, especially FTAs of which Vietnam and Australia are members.

Representing the Ministry of Industry and Trade of Vietnam - Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan and Australian Ambassador to Vietnam Gillian Bird - representing the Australian Department of Foreign Affairs and Trade signed a Memorandum of Understanding on cooperation to maximize the potential of FTAs.

Source: Multilateral Trade Policy Department

Tags: Vietnam - Australia, Deputy Minister Nguyen Sinh Nhat Tan, Free Trade Agreement

Source: https://moit.gov.vn/tin-tuc/hoi-thao-tham-van-xay-dung-he-sinh-thai-ho-tro-doanh-nghiep-tan-dung-cac-fta.html