“Vietnam’s Prime Minister Nguyen Tan Dung has just concluded a two-day official visit to Australia at the invitation of Prime Minister Tony Abbott”, reports Carl Thayer in an article titled Australia and Vietnam Enhance Their Comprehensive Partnership, dated 17 March 2015, and published in The Diplomat.
Below are some excerpts from the article. For the original article, click here.
The preamble notes that Australia and Vietnam “will continue to work in partnership to shape the future of the region and broader global environment” through multilateral institutions such as the Association of Southeast Asian Nations (ASEAN), Asia-Pacific Economic Cooperation (APEC), and the East Asia Summit (EAS).
The preamble also commits Australia and Vietnam to implement the ASEAN-Australia-New Zealand Free Trade Agreement, and complete a “balanced and comprehensive Trans-Pacific Partnership Agreement (TPP) and the Regional Comprehensive Economic Partnership (RCEP)”…
Points 1.5-1.9 address people-to-people linkages, the Vietnamese community in Australia, science and technology cooperation, education and training and legal cooperation, respectively.
Points 1.10 to 1.12 identify three new areas of cooperation: (1) food standards and safety, quarantine and agricultural research, (2) environmental protection and climate change, and (3) “finance, information and communication, natural resources and environment and consular matters”…
Section 3 “Economic growth, trade and industry development,” encourages a greater role for the private sector in nineteen specific areas ranging from mining and energy to electronics and telecommunications. Both sides further agreed to exchange information on import and export regulations to reduce unnecessary duplication of controls.
Australia and Vietnam also gave their support for more open trade and investment through participation in the World Trade Organisation, APEC, Asia-Europe Meeting and the Cairns Group.
To read Carl Thayer’s original article, click here.
Note: The author, Carlyle Alan Thayer is an Emeritus Professor at the University of New South Wales (UNSW). UNSW is a member of AusCham.