At a joint committee meeting between Japan and Vietnam in Hanoi on Saturday, the two countries agreed to work together for the promotion of the textile industry in Vietnam. The agreement is aimed at dealing with an expected increase in Vietnamese textile exports to the United States once the Trans-Pacific Partnership free trade agreement enters into force.
Japan, Vietnam and the United States are among the 12 nations that signed the TPP deal earlier this year.
Regarding cooperation in Industry, Trade and Energy, the two countries also agreed to start an industrial policy dialogue at an early date and discuss specific measures.
Economy, Trade and Industry Minister Motoo Hayashi expressed Tokyoâ€™s hope of expanding bilateral trade and promoting Japanese companiesâ€™ investment in Vietnam.
By using this committee as a springboard, they want to advance economic relations between Japan and Vietnam to a new stage.
The two countriesâ€™ governments agreed in July last year to establish the committee for strengthening bilateral economic cooperation.
Hayashi became the first Japanese Cabinet minister to visit Vietnam after the countryâ€™s ruling Communist Party unveiled its new leadership at the 12th National Congress in January.
On Saturday, Hayashi met with Vietnamese Deputy Prime Minister Nguyen Xuan Phuc, who is set to become prime minister, and exchanged opinions about the strengthening of the two countriesâ€™ relations based on their strategic partnership.
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
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