Vietnam plans to join ACP<\/p>\n
HANOI (AFP): Vietnam is planning to become a member of the
\nAssociation of Coffee Producers in an effort to help stabilize
\nprices, a visiting Indonesian minister said yesterday.<\/p>\n
Trade Minister Satrio B. Joedono said Vietnamese Agriculture
\nMinister Nguyen Cong Tan had agreed to join the association but
\nthe proposal had to be approved by the government and the coffee
\ngroup.<\/p>\n
Vietnam is Asia's second largest coffee producer after
\nIndonesia and is expected to export 170,000 tones of robusta this
\nyear.<\/p>\n
Joedono said that encouraging Vietnam to join the group was
\naimed at helping maintain high prices for the commodity, which
\nhave soared in the past year.<\/p>\n
The Indonesian minister raised the subject again in talks
\nyesterday with Deputy Prime Minister Pham Van Khai, who wields
\nconsiderable power over Vietnam's economic policy.<\/p>\n
Joedono is in Hanoi for a meeting of a joint Indonesian-
\nVietnamese economic commission aimed at boosting trade and
\ninvestment between the countries.<\/p>\n
Indonesia led the countries of the Association of Southeast
\nAsian Nations (ASEAN) in establishing trade links with Vietnam,
\nbut in recent years has fallen behind its richer neighbors in
\ninvestment here.<\/p>\n
Trade last year between the two reached US$250 million, with
\nIndonesia selling $165 million of fertilizer and consumer goods
\nto Vietnam, which exported $85 million of agricultural products.<\/p>\n
Indonesian investment stands at $161 million of licensed
\nprojects in coal, tourism, oil and polyester production.<\/p>\n
The chambers of commerce and industry from the two countries
\nsigned a cooperation agreement yesterday aimed at boosting
\neconomic links.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/vietnam-plans-to-join-acp-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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