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October 16, 2025 | 16:45

Vietnam, Pakistan launch negotiations on Preferential Trade Agreement

Nguyệt Hà

The trade deal is expected to increase bilateral trade turnover by five to ten times in the coming years.

Vietnam, Pakistan launch negotiations on Preferential Trade Agreement
Vietnamese Minister of Industry and Trade Nguyen Hong Dien (R) and Pakistani Minister of Commerce Jam Kamal Khan signed a joint declaration to start the VPPTA negotiations.

Vietnam and Pakistan have officially launched negotiations on a bilateral Preferential Trade Agreement (VPPTA), marking a new step in strengthening economic cooperation between the two countries.

A ceremony announcing the start of negotiations took place during a working visit to Pakistan by Minister of Industry and Trade Nguyen Hong Dien from October 13–15.

The deal is expected to be signed by the end of 2025.

The VPPTA is expected to enable both countries to capitalize on their complementary economic strengths and potentially increase bilateral trade turnover - currently below $1 billion annually - by five to ten times in the coming years.

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