United States and Việt Nam renew trade dialogue

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United States and Việt Nam renew trade dialogue

Vietnam News - 3/31/2017 9:38:32 AM

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The United States and Việt Nam met on March 27 and 28 under their Trade and Investment Framework Agreement (TIFA) to discuss deepening trade ties and address outstanding bilateral trade issues.

The United States also used the meeting – the first since 2011 – as an opportunity to reaffirm the Trump Administration’s commitment to expanding ties with the Asia-Pacific region, including with Việt Nam.

The United States urged Việt Nam to promptly address bilateral issues, including those related to agriculture and food safety, intellectual property, digital trade, financial services, customs, industrial goods, transparency and good governance, and illegal wildlife trafficking.

Việt Nam also updated the US team on its plans to implement labour reforms.

The two sides agreed to continue their dialogue on these issues and to launch working groups focused on resolving bilateral issues, starting with groups on agricultural and food safety issues, industrial goods, intellectual property matters, and digital trade.

They reviewed Việt Nam’s implementation of the WTO trade facilitation agreement, as well as Việt Nam’s participation in the WTO Information Technology Agreement expansion. In addition, the US and Vietnamese teams discussed how they could work together to advance their common interests in building US-ASEAN ties.

Vietnamese Minister of Industry and Trade Trần Tuấn Anh welcomed the resumption of talks and efforts to further deepen bilateral trade ties.

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