Vietnam’s President To Lam says Hanoi ‘very close’ to inking U.S. trade deal
U.S. trade officials have pressed Vietnam to strengthen rules of origin, customs enforcement and controls on Chinese inputs.
Vietnamese President To Lam expressed optimism on Monday that his country is "very close" to finalizing a trade agreement with the United States. The leader of Vietnam pledged to increase the purchase of high-tech goods, such as aircraft, to help reduce the trade deficit ahead of upcoming talks with U.S. administration officials in New York.
During an interview at the U.N. General Assembly, Lam emphasized the importance of discussing ways to expedite negotiations for mutually beneficial tariffs between the two nations. He noted that Vietnam's exports are already in line with U.S. demand without directly competing against U.S. products. However, Lam acknowledged that there are still policy constraints from the U.S. side that need to be addressed.
Despite these challenges, Vietnam is keen on importing more American goods to bolster its industrial production capabilities.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
