Vietnam traceability and safety: New Zealand pledges to enhance food collaboration

By Pearly Neo contact

- Last updated on GMT

Vietnam is looking to New Zealand for assistance in food traceability and food safety. ©Getty Images
Vietnam is looking to New Zealand for assistance in food traceability and food safety. ©Getty Images

Related tags: Vietnam, New zealand, Food safety, Traceability

Vietnam is looking to New Zealand for assistance in food traceability and food safety, with the sixth Vietnam-New Zealand Joint Trade and Economic Commission (JTEC) agreeing a raft of collaborations.

Representing Vietnam at the event was Vietnamese Deputy Minister of Industry and Trade Tran Quoc Khanh, and his New Zealand counterpart was Deputy Secretary of Foreign Affairs and Trade Vangelis Vitalis.

Vietnam requested for New Zealand’s aid in the development of value chains and origin tracking systems for agricultural products, as well as food safety management and language training.

The products mentioned comprised coffee, cashewnuts, peppers and fruits amongst others.

Other outcomes of the event included agreements over broader market access for agricultural products, as well as the enhancement of trade and investment co-operations.

The countries will also continue close trade ties under the various regional partnerships they are members of, including the Asia-Pacific Economic Cooperation (APEC), Regional Comprehensive Economic Partnership (RCEP), ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Vietnam-New Zealand trade relationship

Vietnam and New Zealand are within the top 20 list of each other’s trading partners. Bilateral trade has grown by almost 260% since the AANZFTA was signed in 2009.

2016 statistics from the New Zealand Ministry of Foreign Affairs and trade reveal that total trade between the two countries reached NZ$1.15 bn (US$ 749mn) in value. This rose by over 30% to NZ$ 1.7bn (US$ 1.2bn) in 2017, according to the General Department of Vietnam Customs.

“Exports and imports between Viet Nam and New Zealand grew by more than a third in the last year alone,” said New Zealand Prime Minster Jacinda Ardern.

Roughly 60% of New Zealand’s trade to Southeast Asia heads to Vietnam. Of this, roughly 50% is made up of agricultural products.

Top Kiwi exports to Vietnam include dairy products, fruit and wood, whereas the top Vietnamese exports to New Zealand were electronic machinery, footwear, furniture.

Bilateral trade is hoped to grow further to reach NZ$ 2.6bn to NZ$ 3.1bn (US$ 1.7bn to US$ 2bn) by 2020.

During Ardern’s official visit to Vietnam in March this year, she also announced two new official development assistance (ODA) projects.

The first was a three-year project to help Vietnamese farmers increase incomes, worth NZ$ 1.5 mn (US$ 1.09 mn), and the other was a renewable energy pilot project worth NZ$ 500,000 (US $365,000).

Related news

Show more

Related products

show more

Accelerate your supply chain as pressures intensify

Accelerate your supply chain as pressures intensify

William Reed | 03-Oct-2018 | Technical / White Paper

Food, Drink and Non-Food manufacturers are under pressure. Range reviews, massive retail mergers, the backlash against plastic packaging and the ongoing...

Related suppliers

Follow us

Products

View more

Webinars