In the present paper, we solve the problem of determining the fuzzy distance between two subsets of a fuzzy metric space. We address the problem by reducing it to the problem of finding an optimal approximate solution of a fixed point equation. This approach is well studied for the corresponding problem in metric spaces and is known as proximity point problem. We employ fuzzy weak contractions for that purpose. Fuzzy weak contraction is a recently introduced concept intermediate to a fuzzy contraction and a fuzzy non-expansive mapping. Fuzzy versions of some geometric properties essentially belonging to Hilbert spaces are considered in the main theorem. We include an illustrative example and two corollaries, one of which comes from a well-known fixed point theorem. The illustrative example shows that the main theorem properly includes its corollaries. The work is in the domain of fuzzy global optimization by use of fixed point methods.