Increasing connectivity contributes to re-establishing globalization of trade

The global trading system is under attack, the world is on the verge of a trade war or it can be free trade as a continuation model, what are the obstacles ... The topic was set at the meeting with the theme of re-establishing globalization of trade taking place on the afternoon of November 24, within the framework of Horasis Binh Duong 2019.

Overview of the meeting (Photo: P. Le)

Delegates discuss at the meeting (Photo: Quoc Chien)

At the meeting, many solutions were taken to contribute to the re-establishment of trade globalization, in which the members discussed a lot about Vietnam's trade economy. Mr. John Wét, Managing Director, Asia Century Institute, Australia, chaired the meeting: “The key factor in global trade transactions is technological innovation, technology, bright ideas. Creating, new technology, new products. I was impressed to visit EIU University's business incubator. Business incubator is a model that has been very successful in developed economies in Europe and America. These will be positive factors to nurture new ideas, creativity, new products, industrial innovation to create new ideas for reality. ”

David Morris, President, Asia-Pacific Trade Forum of the United Nations Economic and Social Commission for Asia and the Pacific, said that the trade war is not the solution. which commercial economies must expand and trade. Asia is very successful in developing economic trade, which will be the biggest trend for future economic development. We must invest in improving our competitiveness to trade globally, increasing our competitiveness in the international arena. Asia should exert its strengths and achievements already achieved. The key factors are improving capacity, increasing connectivity such as infrastructure, transportation to help us bring our products around the world. ”

Reported by Phuong Le – Translated by Vi Bao