Vietnam, US close to reaching reciprocal trade agreement
U.S. Trade Representative Ambassador Jamieson Greer has hailed substantial progress in trade deal negotiations with Vietnam, saying negotiating teams are very close to reaching the final outcome.
Vietnamese President To Lam and U.S. Trade Representative met in New York on Monday, as part of their respective trips, to discuss bilateral relations. To Lam emphasized Vietnam's commitment to its Comprehensive Strategic Partnership with the U.S. and the importance of economic, trade, and investment cooperation. He highlighted Vietnam's efforts to promote mutual trade and create more jobs and opportunities for businesses and workers in both nations.
Greer, the U.S. Trade Representative, expressed appreciation for Vietnam's balanced approach to trade and the progress made in negotiations. He stated that the two teams are very close to finalizing a reciprocal, fair, and balanced trade agreement. This agreement, once signed, would open up new opportunities and prospects for cooperation between the two nations.
To Lam welcomed the positive outcomes achieved by both sides and called for a comprehensive approach to resolving outstanding trade issues, including those under Section 301 of the U.S. Trade Act of 1974. He expressed hope that both countries would intensify efforts to promote the development of bilateral economic, trade, and investment ties, benefiting their respective people.
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