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Vietnam attends APEC Trade Ministerial Meeting
20/05/2014

 

A Vietnamese delegation led by Minister of Trade and Industry Vu Huy Hoang on May 17 attended the opening of the 20th Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT-20) in Qingdao, China.

On the agenda for the two-day meeting are matters pertaining to the implementation of APEC priorities in 2014 and preparations for the 22nd APEC summit to be held in Beijing, China this coming November.

 

On the occasion, Hoang illuminated Vietnam’s priorities under the APEC cooperation framework of, addressing matters relating to reducing impediments to business activity including supply chain connectivity, capital allocation for small-and medium-sized enterprises (SMEs) and investment in infrastructure development.

On the sidelines of the meeting, Hoang met with Chinese Minister of Commerce, Gao Hucheng on May 16, informing him that China’s placement of the mobile oil rig Ocean-981 in Vietnam’s exclusive economic zone was a severe violation of the country’s sovereignty. It is also a clear and unequivocal violation of  international law and the 1982 United Nations Convention on the Law of the Sea (UNCLOS), especially the 2002 ASEAN-China Declaration on the Conduct of Parties in the East Sea (DOC) he said, and specifically requested China remove the oil rig from the waters of Vietnam.

 

He mentioned that in recent times, a significant number of Vietnamese workers at the sites of foreign-invested projects have vehemently expressed their opposition and outrage at China’s East Sea violation, causing social disorder and property losses.

 

Most Vietnamese, however, have reacted in a rational and restrained manner keeping their conduct within the constraints of decency and due respect for the law, he noted.

At the meeting, the two ministers expressed their desires to strengthen economic, trade and investment cooperation for the mutual benefit of both nations.

Vietnam will actively participate in and contribute to the success of the 20th MRT meeting, Hoang affirmed.

Minister Hoang also met on the sidelines with United States Trade Representative (USTR) Michael Froman in addition to Korean Republic Minister of Trade, Industry and Energy Sang Jick and leaders of the American Independent Business Alliance (AMIBA).

Source: VOV

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Tags: APEC, APEC summit, DOC, Gao Hucheng, MRT, tre, UNCLOS, Vu Huy Hoang,