Vietnam calls on US to reduce trade barriers

04/10/2010 12:00 - 392 Views

Vietnam hopes that the US will check investigations on imposing anti-subsidy and anti-dumping taxes so as not to cause losses to WTO members.

The call was made at a session on US trade policy at thVietnam representatives applauded the trade co-operation between Vietnam and the US over the past 15 years. Two-way trade value reached US$15 billion in 2009, up 15 times compared to 2001 when the two countries had not signed the Bilateral Trade Agreement.

The US has become Vietnam’s biggest importer in recent years. In 2009, Vietnam exported more than US$11 billion to the US, accounting for one-fifth of the country’s total exports. In the first five months of this year, two-way trade reached more than US$7 billion, including US$6 billion in Vietnamese exports.

The US became the biggest foreign investor in Vietnam in 2009 with total registered capital of US$9.8 billion.

The Vietnam-US Trade and Investment Framework Agreement signed in 2007 helped resolve a number of difficulties and expanded investment and trade between the two countries.

Vietnam expressed concern about US trade barriers over the past two years, including imposing anti-dumping tariffs on frozen shrimp, PE plastic bags, and tra and basa fish.

Saturday, 10/02/2010 - 6:26 PM
Source: english.vovnews.vn