Costa Rica recognizes Vietnam's market economy status
WVR - On August 5, Standing Deputy Minister of Foreign Affairs Nguyen Minh Vu received Minister of Foreign Trade of the Republic of Costa Rica, Manuel Tovar during the later's visit to Vietnam from August 5-6, 2024.
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| Permanent Deputy Foreign Minister Nguyen Minh Vu and Minister of Foreign Trade of the Republic of Costa Rica Manuel Tovar. (Photo: WVR/Nguyen Hong) |
Standing Deputy Minister of the Ministry of Foreign Affairs Nguyen Minh Vu welcomed Minister of Foreign Trade of the Republic of Costa Rica Manuel Tovar on his first visit to Vietnam, appreciating the activities both countries have carried out over the past years on the occasion of the 45th anniversary of diplomatic relations (April 24, 1976 - April 24, 2021). Notably, this includes the online meeting between Foreign Minister Bui Thanh Son and Minister of Foreign Affairs and Worship Rodolfo Solano Quirós on April 29, 2021.
For his part, Minister Manuel Tovar conveyed the condolences of the Costa Rican Government to the Government of Vietnam upon the passing of General Secretary Nguyen Phu Trong. Minister Tovar praised Vietnam's achievements in its Doi Moi (Renewal) process, development, and international integration, affirming that Costa Rica considers expanding relations with Vietnam a priority in its policy to strengthen ties with the Asia-Pacific region.
Minister Tovar shared that the purpose of his visit to Vietnam, besides promoting economic-trade and investment cooperation between the two countries, was to announce the decision of the Costa Rican government to recognize Vietnam as having a market economy. This move is expected to facilitate bilateral economic and trade relations, as well as cooperation with Vietnam at the World Trade Organization (WTO) and other multilateral trade frameworks.
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| Minister M. Tovar's visit to Vietnam aimed to announce the Costa Rican government's decision to recognize Vietnam as a market economy. (Photo: WVR/ Nguyen Hong) |
Deputy Minister Nguyen Minh Vu valued Costa Rica's decision to recognize Vietnam's market economy status, viewing it as a suitable step to further strengthen bilateral relations between Vietnam and Costa Rica; affirming Vietnam welcomes Costa Rica's efforts to economically integrate with East Asia, including efforts to join regional trade institutions like the CPTPP.
The Deputy Minister expressed a desire to promote exchanges of high-level delegations between the two countries, as well as to implement the Deputy Ministerial Political Consultation mechanism, continue regular consultations, and coordinate closely at international organizations and multilateral forums. He asked Costa Rica's support for ASEAN's role and perspectives on regional issues.
