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

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.

VnEconomy-Nguyệt Hà