MoIT leader attends Expanded G7 Trade Ministers' Meeting and side events

The meeting was chaired by Italian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Antonio Tajani. The G7 group comprises Italy, Canada, France, Germany, Japan, the UK, and the US. The main objective of the Expanded G7 Trade Ministers' Meeting is to address tensions and conflicts threatening global trade and promote sustainable and comprehensive growth.

In addition to the Ministers from G7 member countries, the Expanded G7 Trade Ministers' Meeting also saw participation of Trade Ministers and government officials from India, New Zealand, Argentina, Brazil, the Republic of Korea, and Vietnam, as well as representatives from the World Trade Organization (WTO) and the Organization for Economic Cooperation and Development (OECD).

This is the first time the G7 Trade Ministers' Meeting has invited Vietnam's Minister of Industry and Trade to participate and give a speech

In his speech at the Expanded G7 Trade Ministers' Meeting, Minister Nguyen Hong Dien proposed solutions for Vietnam to increase cooperation with G7 members.

This marks the first time the G7 Trade Ministers' Meeting has invited Vietnam's Minister of Industry and Trade to participate. This isn't merely a diplomatic gesture, it underscores Italy and the G7 countries' genuine recognition of Vietnam's role in advancing global trade development. Deputy Prime Minister and Minister Antonio Tajani, host of this year's meeting, also emphasized Vietnam as a shining example and a successful model of economic growth through international economic integration achievements, which have helped Vietnam boost trade, attract investment, and successfully engage in the globalization process as well as reshaping regional and international supply chains.

In his opening speech at the Expanded G7 Trade Ministers' Meeting, when introducing the invited countries, Italian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Antonio Tajani highlighted Vietnam as a successful model of economic growth. He emphasized that Vietnam has valuable experiences in developing the economy through diversifying supply chains.

At the meeting, the Director-General of the WTO also emphasized that Vietnam, along with several other developing countries, exemplifies the success of international integration and serves as a prominent example of effectively implementing supply chain diversification.

The Japanese Minister of Economy, Trade and Industry also mentioned bilateral and multilateral cooperation frameworks with Vietnam as well as with other G7 members. Japan is committed to providing support for some developing countries and is also assisting Vietnam in activities related to carbon emission reduction.

At the meeting, Vietnamese Minister of Industry and Trade Nguyen Hong Dien delivered a speech lasting about 10 minutes, focusing on cooperation priorities with the expanded G7 member countries in various aspects, such as diversifying supply chains, technological innovation, and digital transformation of supply chains.

Alongside the G7 Trade Ministers' Meeting, Minister Nguyen Hong Dien and the members of the Vietnamese delegation held bilateral meetings with partner entities to promote economic and trade cooperation with countries in the European region.

Here are some images from the Expanded G7 Trade Ministers' Meeting held in Italy and the side events attended by Minister Nguyen Hong Dien:

Minister Nguyen Hong Dien and Italian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Antonio Tajani

In addition to the Ministers from G7 member countries, the Expanded G7 Trade Ministers' Meeting also saw participation of Trade Ministers and government officials from India, New Zealand, Argentina, Brazil, the Republic of Korea, and Vietnam, as well as representatives from the World Trade Organization (WTO) and the Organization for Economic Cooperation and Development (OECD)

On the sidelines of the Expanded G7 Trade Ministers' Meeting, Minister Nguyen Hong Dien had a meeting with Ngozi Okonjo Iweala, Director-General of the World Trade Organization (WTO)

On the sidelines of the Expanded G7 Trade Ministers' Meeting, Minister Nguyen Hong Dien had a bilateral exchange with Todd McClay, Minister of Trade of New Zealand

In Italy, Minister Nguyen Hong Dien had a bilateral meeting with Márcio Elias Rosa, Deputy Minister of Development, Industry, Trade, and Services of Brazil. They agreed to implement solutions to promote bilateral trade

Minister Nguyen Hong Dien and the Canadian Minister of Export Promotion, International Trade and Economic Development Mary Ng

Besides attending the Expanded G7 Trade Ministers' Meeting, Minister Nguyen Hong Dien will preside over the European Trade Counselors' Meeting for Europe in Italy. The meeting will take place over two days, July 18 and 19, aiming to promote economic and trade activities, foreign market operations, and trade promotion, contributing to increasing Vietnam's export of goods to European and global markets. Additionally, the meeting will strengthen the work of connecting, coordinating, and supporting businesses in promoting export activities.

In Italy, besides attending the Expanded G7 Trade Ministers' Meeting, Minister Nguyen Hong Dien will also preside over a meeting of Vietnamese trade counselors in the European region. The meeting will take place over two days, July 18 and 19, aiming to promote economic and trade activities, foreign market operations, and trade promotion, contributing to increasing Vietnam's export of goods to European and global markets. The meeting will strengthen the work of connecting, coordinating, and supporting businesses in promoting export activities.

The trade counselors’ meeting will focus on assessing the current status and policy trends in economics and trade in the European region and their impacts on Vietnam, and the issues arising in the near future. The meeting will also involve discussions to provide recommendations on strategies and measures for market development in the European region for the 2024-2025 period and the following years.

In particular, it will focus on enhancing market research efforts, developing new frameworks for economic, trade, and industrial cooperation to meet the needs of Vietnam's economy in the new era, removing market barriers, and strengthening trade promotion to support businesses.