Vietnam urges China to urgently reopen border crossings as trade stagnates Reuters

© Reuters. Profile picture: On November 2, before the meeting between Chinese Foreign Minister Wang Yi and Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh at the government office in Hanoi, Vietnam, a man raised a Chinese flag (R) next to the Vietnamese flag.

Hanoi (Reuters)-According to official media reports, after China has strengthened border controls with neighboring countries to comply with a zero COVID-19 policy, the Ministry of Trade of Vietnam has asked China’s Guangxi authorities to take emergency measures to ease transit congestion.

Pictures and video clips from the state-run Vietnam News Agency (VNA) show that thousands of trucks stopped at the border after an imported COVID-19 case was found in Guangxi Province.

Viet News Agency quoted a statement from the Ministry of Trade as saying: “The anti-virus precautions taken by Guangxi under the’zero COVID’ policy, including closing border ports or stopping fruit imports, are very necessary.”

“Such interference has had a negative impact on bilateral trade and has brought huge losses to businesses and people on both sides.”

According to reports, Guangxi trade officials responded that they would extend the customs clearance time and relay other suggestions to higher authorities.

China is Vietnam’s largest trading partner and the largest fruit and vegetable market in Vietnam.

Official data show that the trade volume of agricultural products between the two countries in the first 11 months of 2021 increased by 19.5% year-on-year to US$11.3 billion.

Disclaimer: Converged Media I would like to remind you that the data contained in this website may not be real-time or accurate. All CFDs (stocks, indices, futures) and foreign exchange prices are not provided by exchanges, but by market makers, so prices may be inaccurate and may be different from actual market prices, which means that prices are indicative and not Suitable for trading purposes. Therefore, Fusion Media is not responsible for any transaction losses that you may suffer as a result of using this data.

Converged Media Fusion Media or anyone related to Fusion Media will not be liable for any loss or damage caused by relying on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *