Long-term, stable cooperation
At the meeting, Minister Do Duc Duy expressed his honor to lead a delegation of representatives from the Ministry's technical agencies, industry associations and Vietnamese agricultural enterprises to visit and work in Iowa. This trip promotes cooperation in agricultural, forestry and fishery trade between Vietnam and the United States, especially with the state of Iowa.
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Overview of the working session between the Department of Agriculture and Environment and the Iowa Department of Agriculture. |
With a long tradition of farming, Iowa is known as the leading corn granary of the United States, producing about 50 million tons of corn each year. In addition, the state is also a producer of many other cereals such as rye, wheat, as well as fruits. On the other hand, Vietnam has become one of the world's leading agricultural exporters, contributing positively to ensuring global food security. "We are constantly expanding our processing capacity, quality control and sustainable agricultural development. Therefore, the two sides can completely complement each other, jointly developing bilateral, stable and long-term agricultural and forestry value chains," affirmed the head of the Vietnamese delegation.
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| Minister Do Duc Duy and Deputy Minister Hoang Trung and delegations of agencies, enterprises and associations of Vietnam's agricultural sector attended the meeting. |
The two sides reviewed and evaluated the current status of agricultural trade cooperation between Vietnam and Iowa, and shared information, needs and potential for business cooperation between the two sides. The discussion opened up a practical direction, promoting the export of high-quality agricultural products from Iowa to the Vietnamese market and vice versa.
Public-private cooperation between the two countries was also expanded in the MoU between the Department of Animal Husbandry and Veterinary Medicine (Ministry of Agriculture and Environment) and the Iowa Pork Producers Association. Accordingly, the two sides committed to strengthening trade relations, encouraging links between Vietnamese and Iowa livestock producers through organizing technical seminars, promotional events, and trade connections. Not only that, the seminar created opportunities for many other Vietnamese and US businesses to exchange, creating new opportunities to strengthen trade relations, promote connectivity of the Vietnam - US agri-food supply chain, thereby increasing the transfer of advanced US technology to Vietnamese businesses, together towards the development of green, smart, and sustainable agriculture.
Minister Do Duc Duy expressed his belief that today's event will be the beginning of a period of deeper and more effective cooperation between the Vietnamese business community and the state of Iowa, demonstrating the goodwill of both sides to foster the comprehensive strategic partnership between Vietnam and the United States.
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| Leaders of the Ministry of Agriculture and Environment of Vietnam and the Iowa Department of Agriculture witnessed the signing ceremony of the Memorandum of Understanding on trade cooperation in agriculture, forestry and fisheries. |
Towards a Harmonized Transoceanic Supply Chain
At the seminar, Mr. Ngo Hong Phong - Director of the Department of Quality, Processing and Market Development (Ministry of Agriculture and Rural Development) presented an overview of the agricultural trade relationship between Vietnam and Iowa. Vietnam and the United States have a clear complementary agricultural product structure: Vietnam is strong in tropical agricultural products such as rice, coffee, pepper, vegetables and fruits; has a long coastline favorable for aquaculture development, especially shrimp and pangasius. The United States excels in temperate agricultural products such as corn, wheat, soybeans, milk, meat, temperate fruits and seafood such as Alaskan lobster and cod.
Mr. Phong said that thanks to participating in many free trade agreements with the European Union-Vietnam (EVFTA), the United Kingdom of Great Britain and Northern Ireland (UKVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP), Vietnam has had significant advantages in terms of tariffs as well as access to international markets.
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Secretary Mike Naig and Deputy Secretary Grant Menke, representing the Iowa Department of Agriculture, spoke at the meeting. |
Contributing to this achievement is the Vietnamese farming force, mainly manual labor but rich in experience and perseverance. They contribute to building modern agriculture, while helping export products maintain price competitiveness. Differences in crop seasons due to climatic conditions help supplement year-round supply for domestic and international markets. As a result, consumers of the two countries have more choices of tropical and temperate fruit products across the Pacific. As a result, agricultural trade between the two countries is mutually supportive, less directly competitive, and contributes to the formation of a common Vietnam - US supply chain.
At the end of his presentation, Mr. Phong gave some suggestions for US businesses wishing to export NLTS to the Vietnamese market, including food safety regulations. Mr. Phong emphasized: “We need to make the most of the incentives from the results of trade negotiations between the two governments, within the framework of the increasingly developing Comprehensive Strategic Partnership.”
As the world faces many challenges such as climate change, supply chain disruptions, and market fluctuations, market diversification is an important strategy to ensure food security. Vietnam is committed to working with US partners, especially the Iowa business community, to continuously expand fair, transparent, and mutually beneficial trade relations.
Source: https://baophapluat.vn/viet-nam-hoa-ky-nhieu-mou-ty-usd-ve-thoa-thuan-hop-tac-nong-nghiep-duoc-ky-ket-post550579.html
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