Vietnam Mexico boost ties

Vietnam Mexico boost ties through reception of Deputy Minister Pham Binh Minh to Chairman of the Mexican Senate’s Foreign Affairs Committee for Asia Pacific, Senator Teofilo Torres Corzo on his official visit to Vietnam on August 19, 2014.

 

Vietnam Mexico boost ties.Senator Teofilo Torres Corzo

Senator Teofilo Torres Corzo and Deputy Prime Minister Pham Binh Minh. Photo: VNA

Vietnam Mexico boost ties: expectation and affirmation from Vietnam leaders

On behalf of the Vietnam senior leaders, Deputy Prime Minister Pham Binh Minh respectfully requested Mr. Teofilo Torres Corzo to convey invitation to Mexico President to pay official visit to Vietnam at the right time to promote diplomatic relation between the two countries.

Highly appreciated the encouraging results in bilateral relations in recent years, particularly in the fields of economy, trade, Deputy Prime Minister affirmed the Government of Vietnam wishes to further deepen friendship relation and cooperation in all fields between the two countries along Pacific coast.

The two sides should strengthen exchanges of delegation at various levels, maintain flexible implementation and effective mechanisms for political consultation between the two foreign ministries; early signing Agreement of establishing Joint Committee on trade, investment and economic cooperation between the two countries.

Deputy Prime Minister expected the Mexican Congress to encourages its businesses to invest in Vietnam in the context that the two countries are involved in negotiating Trans-Pacific Partnership (TPP); suggested Mexico to early recognize market economy of Vietnam.

On this occasion, Deputy Prime Minister extended sincere thanks to Mexico Congress and People for their valuable support and unity for Viet Nam during the past struggle for national reunification and the current development homeland protection cause.

Vietnam Mexico boost ties: Mexico side

At the meeting, Chairman of the Mexican Senate’s Foreign Affairs Committee for Asia Pacific, Senator Teofilo Torres Corzo congratulated on Viet Nam’s all-round achievements over the past years and highly valued Vietnam’s position and prestige in the international arena. He affirmed that Viet Nam is friend and important partner of Mexico in East Asia.

Vietnam Mexico boost ties: multilateral diplomacy

For multilateral aspect, both sides agreed to continue fostering consultation, coordination, supporting each other at international organizations and multilateral forums for mutual benefits and enhancing position of two countries, actively contributing to peace, stability, cooperation and development on two regions and in the world.

Mexico, Vietnam could be key trade hubs under TPP

Representatives at the ministerial-level talks on the Trans-Pacific Partnership attend a joint press conference in Sydney on Oct. 27. © Kyodo

TOKYO -- Of the 12 countries hoping to sign the Trans-Pacific Partnership agreement, Japan and the U.S. account for around 80% of total gross domestic product, so the negotiations between Japan and the U.S. naturally draw the most international attention.

     Participants in the October ministerial-level talks on the TPP in Sydney expressed concern about the standoff between Tokyo and Washington, which are still wrangling over liberalizing trade in their key exports. But focusing too much on the talks between Japan and the U.S. risks missing the bigger picture, particularly for Japan, as two other TPP members -- Mexico and Vietnam -- have the potential to transform Japan's trade relations with countries in the Asia-Pacific.

      "Please invest more in Japan as well," Prime Minister Shinzo Abe half-jokingly told Nissan Motor Vice Chairman Toshiyuki Shiga when they met during their visit to Mexico in July.

     Within two years, Nissan expects to make 1 million cars a year in Mexico; Japan will by then have fallen to No. 3 in terms of output for the Japanese carmaker, behind China and Mexico. Shiga, who was hobnobbing with Mexican business leaders, could do little but smile wryly.

Mexico makes it

Nissan's Mexican plants will become much more important to Nissan when the TPP takes effect, thanks to the country's low production costs. Twenty years after the North American Free Trade Agreement, or Nafta, welded the economies of Mexico, Canada and the U.S. together, the TPP promises to flatten trade barriers between Mexico and the rest of the Pacific Rim.

     One likely destination for Mexican exports is Vietnam, a potentially lucrative market with a population of 91.7 million, more and more of whom are entering the middle class. If Vietnam scraps its 50% import tariff on cars, Japanese automakers will find it easy to export to the country, both from Japan and Mexico.

     Meanwhile, the Association of Southeast Asian Nations is working to create a single market for its members by 2015. Once that is done, the 10 members could strengthen their trade links to Nafta via Vietnam and Malaysia, which are part of the TPP.

Traders against free trade

Japan is digging in its heels in its negotiations with the U.S. to protect key agricultural products including rice, meat, dairy and sugar, but it is unclear in what it wants from Washington in return. There has been much talk about the U.S. auto market, but the levy on imported cars is just 2.5% in the U.S., an amount that is often swamped by changes in foreign exchange rates.

     This raises the question why Japan is not making more of a fuss over Vietnam's much steeper tariff on autos. The answer has to do with the greater competition the TPP will help create: If Mexico and Vietnam embrace free trade, non-Japanese automakers will also benefit. Germany's Volkswagen manufactures in Mexico, as do automakers from the U.S. and South Korea. Companies whose home countries are not TPP signatories thus also expect to boost sales to Vietnam. 

     Several Japanese carmakers set up operations in Vietnam ahead of their U.S. and European rivals. Toyota Motor builds 35,000 cars a year there and Honda Motor turns out roughly 10,000. These companies may prefer to shelter behind high tariff walls. It is not yet clear how long Vietnam will be allowed to retain its tariffs under the TPP.

     The outcome of the TPP talks could also affect competition among Japanese automakers. The location of factories and when to start selling where will become even more critical. The ability to come up with creative supply and sales strategies will take on greater importance as the countries involved in the TPP talks move closer to an agreement.

Vietnam, Mexico strengthen cooperation

 

  • Wednesday, 5/14/2014

  • AsemconnectVietnam - Former Vietnamese ambassador to Mexico Le Thanh Tung and Tabasco Governor Arturo Nunez Jimenez expressed their desire to seek opportunities to expand bilateral cooperation among localities of both nations, especially in advantageous areas.

  •  

    At a working session in Villahermosa, Tabasco, Mexico on May 12, Governor Jimenez highlighted the ambassador’s visit to Tabasco, expressing his hope to establish heightened cooperative relations for mutual benefits and singling out similarities in climate which he says lays a solid foundation to promote cooperation, especially in the field of agriculture.
    The Governor said that Vietnam’s localities have had experiences in rice production and aquaculture which Tabasco needs to restore its traditional agricultural sector. He also briefed on some projects on rice production, banana cultivation and called for foreign investment and technical assistance from Vietnam.
    For his part, Ambassador Tung reviewed Vietnam’s economic achievements, stressing that two-way trade between Vietnam and Mexico surpassed US$1.6 billion over the past year. This provides a solid basis from which to build future cooperative relations among localities of Vietnam and Tobasco, he said.
    The ambassador invited the Governor to visit Vietnam to strengthen bilateral relations and seek proper areas for cooperation for mutual benefits.
    After the reception, in response to questions by the local press, Ambassador Tung mentioned China’s deployment of oil rig Ocean-981 in Vietnam’s economic exclusive zone and continental shelf, which has seriously violated Vietnam’s sovereign.
    The ambassador described the incident as a serious violation of international law and the 1982 United Nations Convention on the Law of the Sea (1982 UNCLOS) and the Declaration on the Conduct of Parties (DOC) in the East Sea and says he considers it a dangerous precedent which threatens the peace, stability, security and safety of navigation in the East Sea.

    Source: www.intellasia.net 

 

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