India, Vietnam sign trade pacts

India, Vietnam sign trade pacts
PTI
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First Published: Wed, Feb 25 2009. 04 33 PM IST
Updated: Wed, Feb 25 2009. 04 33 PM IST
Shillong: As many as nine memoradum of understandings on different economic deals and trade relations have been signed between the north-eastern states and Vietnamese counterparts during a recent conference in Vietnam.
The pacts would help both India and Vietnam to intensify trade and investment relations, an official said on Wednesday.
Two MoUs were signed with Vietnam Chamber of Commerce and one with Indian Business Chamber of Vietnam.
The pacts would further strengthen trade and business ties between the chambers of commerce of both the countries. They would also facilitate transfer of technology between trade bodies of both counties, the official said.
The summit which was held between 12-15 February and attended by a delegation from the northeast backed by the Indian Chamber of Commerce and DoNER ministry, also brought together government and business delegates from Southeast Asia.
Trade and investment scope in infrastructure, IT and tourism were discussed during the three-day summit which also focused on rich natural resources of eight north-eastern states and their investment opportunities in hydropower, food and agro-processing and oil and natural gas.
Thirteen tourism companies from South East Asia which attended the conference showed keen interest in future cooperation.
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First Published: Wed, Feb 25 2009. 04 33 PM IST