Agreement on Trade and Economic Co-operation between Australia and the Socialist Republic of Vietnam

This Agreement is aimed at promoting and expanding mutually beneficial trade and economic cooperation between Vietnam and Australia. Objectives include bilateral cooperation in economic, commercial, scientific and industrial fields (art. 1). The principal areas of cooperation include agriculture, food processing and the environment (art. III). Article VI relates to most favoured nation treatment on the issue of import and export licences. With the aim of implementing this agreement the Joint Trade and Economic Cooperation Committee is established. This Committee shall review the progress made towards achieving the objectives of this Agreement and, if necessary, formulate recommendations for its implementation.