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Vietnam and Turkey seek $4B in bilateral trade by 2020
Time: 2017/7/15 9:34:11 -
   Vietnam 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 Vietnam-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 Vietnam as a market economy and minimise trade defence measures against Vietnam's exports.

Collaboration in energy, food processing, construction, machinery and equipment will also be strengthened.

In the first five months this year, two-way trade between the two nations reached $724.6 million, $634.9 million of which was Vietnam's exports.
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