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HANOI, Feb. 6 (Xinhuanet) -- Vietnam and Japan will begin their first round of
negotiations on a bilateral free trade agreement (FTA) in mid-February, local
media on Monday quoted sources from the Vietnamese Trade Ministry.
The two countries, during the first round, are expected to focus their
negotiations on industry, service and agriculture, said the newspaper People's
Army.
They posted bilateral trade of nearly 8.2 billion U.S. dollars in 2005, of
which more than 4.5 billion U.S. dollars came from Vietnamese exports, mainly
garments, textiles, seafood, electric wires, woodwork, coal and crude oil. Key
Japanese exports to Vietnam include machines and equipment.
To date, Vietnam has yet to embark on talks on a bilateral FTA with any
partners. Vietnam is a member of the Association of Southeast Asian Nations
(ASEAN), which has been in formal FTA negotiations with Japan since last April.
Under the Joint Declaration of the Leaders of ASEAN and Japan on the Comprehensive
Economic Partnership (CEP) signed in 2002, the implementation of the
ASEAN-Japan CEP, including elements of a possible free trade area, will be
completed before or by 2012, according to the ASEAN Secretariat. Enditem
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