China and Vietnam are expected to sign new agreements to boost railway links andagricultural trade

According to the Reuters, during Chinese Premier Li Qiang’s visit to Hanoi this weekend, two people briefed about the Sino-Vietnamese plans to sign of future agreement regarding railway links and agricultural trade.

Seamless rail links are a sign of growing trust between the two countries and would be a boost for trade and supply chains, as a growing number of Chinese manufacturers move some export-oriented operations to Vietnam amid trade tensions between China and the United States.

The deals, which one of the people said also included agreements on payment systems and customs procedures, could further boost economic ties between the two Communist-ruled neighbours after a series of high-level meetings and cooperation agreements signed in recent months.

Source: https://www.reuters.com/world/asia-pacific/china-vietnam-set-sign-deals-railway-links-agriculture-sources-say-2024-10-11/

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