Israel-Vietnam FTA to bring numerous benefits for both countries    
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Israel-Vietnam FTA to bring numerous benefits for both countries
Feb 12 2018

The cooperative relations between Israel and Vietnam are growing vigorously in all spheres, with the two countries currently negotiating the official signing of a bilateral free trade agreement (FTA).

It is one of the contents mentioned by Israeli Ambassador to Vietnam, Nadav Eshcar, in a recent interview that he granted to a reporter of the Communist Party of Vietnam (CPV) Online Newspaper.

The diplomat highlighted Israel’s strength in high-tech agriculture, stating that his country could bring technology to Vietnam to help the country with its agricultural development.

Concerning the signing of the Vietnam-Israel FTA, he said the negotiation process is taking place properly, voicing his hopes that Vietnam will be the first country in East Asia to sign an FTA with Israel, as there are ongoing FTA negotiations between Israel and other countries in the region.

When asked about what both countries should do to promote bilateral agricultural cooperation, Eshcar stated that the Israeli embassy will step up the development of experimental models and agricultural research centres in various parts of Vietnam, as well as promoting the exchange of information with the Vietnamese Ministry of Agriculture and Rural Development (MARD), aiming to introduce Israel’s high-tech models which can be applied effectively in Vietnam.

The embassy will also invite Vietnam’s experts, senior managers and agribusinesses to Israel to attend Agritech, scheduled for this May, a leading high-tech agriculture workshop gathering the leading experts and technologies in high-tech agriculture from around the world, he added.

Known as a “startup country,” Israel has become a global centre with the highest rate of startup companies per capita in the world, and also a powerful nation in economic development. Sharing about this, the ambassador revealed that renovation, innovation, and adaptability are the key to making Israel a “startup country.” Highlighting the important role of finding a solution to the problem in promoting startups, he suggested Vietnam and Israel need to step up cooperation to find solutions that can bring about the best benefits.

As 2018 marks the 25th anniversary of Vietnam-Israel relations, the diplomat voiced his hopes that there will be more visits made by Israeli leaders, experts, and businesses to Vietnam this year, and vice versa. After the Vietnam visit of Israeli President Reuven “Ruvi” Rivlin in 2017, Israel wishes to receive Vietnam’s high-ranking delegation on a visit the country in the near future, he said.

Regarding the embassy’s plans to celebrate 25 years of diplomatic ties between the two countries, Eshcar noted that in addition to accelerating the Vietnam-Israel FTA, he would focus on facilitating bilateral academic cooperation.

Israel has very good universities that want to welcome Vietnamese students, he said, stressing his goal of opening more doors for bilateral academic cooperation. - NDO