HANOI, Oct. 26 (Xinhua) -- Vietnam and Cambodia will cut import tariff to zero for dozens of products from each other under a trade agreement signed here on Wednesday.
The agreement was signed by Vietnamese Minister of Industry and Trade Tran Tuan Anh and Cambodian Minister of Commerce Pan Sorasak on the sidelines of regional summits which took place in Vietnam's capital Hanoi from Monday to Wednesday.
Under the deal, up to 29 Vietnamese products, including milk, cream, cassava starch, meat and rice products, sweets, paint, plastics, paper, porcelains, steel and steel products, will enjoy zero-percent import tariff in Cambodia.
In response, Vietnam will give zero-percent import tax to 39 Cambodian products, mostly farm produce.
The agreement is expected to further boost trade ties between the two countries in farm produce, fisheries and industrial products, and help bring their bilateral trade to 5 billion U.S. dollars in the future, said Vietnam's state-run news agency VNA.
