Trade with Brazil continues to grow in first half
Wednesday, 28/06/2017 11:29 (GMT+7)
(CPV) - Bilateral trade exchange between Vietnam - Brazil in the first half of the year reached about USD1.73 billion, a year-on- year rise of 16%, according to the Vietnam's Department of Commercial Affairs in Brazil.
Photo for illustration. (Source: VNA)
Of this, Vietnam’s export turnover to Brazil posted USD1.065 billion, a 46% rise over a year earlier.
Most of Vietnam’s major export commodities to the market in the first five months of the year recovered sharp growth, such as telephone and electronic equipment (over 57%), seafood (43%), rubber and its products (73%), and synthetic fibre (over 300%).
Aiming to intensify exports to the market and avoid trade remedies and technical barriers that Brazil is increasingly applying to protect domestic production, the Department of Commercial Affairs in Brazil asked Vietnamese export enterprises to closely coordinate with partners to deal with complaints of related commodity associations in the country.
In 2016, Brazil was one of Vietnam’s key export markets in Latin America, with high turnover growth of more than USD1 billion./.
BTA
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