Capital welcomes importers from the RoK in bid to boost agricultural trade

Friday, Nov 22, 2013 09:55

Lotus seed production for export in the northern province of Hung Yen's Tien Lu District. The Korean market consumes a vast amount of farm produce and has huge potential for Vietnamese exporters.—VNA/VNS Photo Dinh Hue

HA NOI (Biz Hub)— A conference themed "Market access - Trading with Republic of Korea (RoK) importers" to promote the export of Vietnamese farm products to the country was held in Ha Noi yesterday.

The event looks to help Vietnamese exporters grasp information on requirements and specific standards demanded by Korean importers as well as seek trading opportunities and expand the export of agricultural products to the Korean market.

Director of the Trade Promotion Agency (Viettrade) Do Thang Hai said the Korean market consumes a vast amount of farm produce and is regarded as potential for Vietnamese exporters.

Trading between the two sides will be accelerated when they reach a Viet Nam-RoK Free Trade Agreement in the coming time, added Hai.

Two-way trade turnover has seen a forty fold increase to US$20 billion compared to the $500 million figure recorded in 1992 when they established diplomatic ties.

As of October 2013, Viet Nam earned $5.49 billion from its exports to the RoK, including 10 per cent that was contributed by farm products such as aquatic products, coffee, vegetables, fruits and cereal products.

At the workshop, the RoK representatives also introduced the trends and purchasing process of their leading importers to participants, sharing effective methods to order pavilions at trade fairs in their country and the word. — VNS

Comments (0)