Business

Deputy PM urges diplomatic measures conducive to US trade policy adjustments

The Ministry of Industry and Trade was directed to promote awareness of the 17 free trade agreements Vietnam has signed, boost trade promotion efforts in new markets, and assist businesses in adapting, while ensuring timely updates on export market policies.

Deputy Prime Minister Bui Thanh Son speaks at the event (Photo: VNA)
Deputy Prime Minister Bui Thanh Son speaks at the event (Photo: VNA)

Hanoi (VNA) – Deputy Prime Minister Bui Thanh Son has called for sustained diplomatic efforts across multiple channels to engage US agencies in developing solutions aligned with Vietnam’s conditions and the two nations’ comprehensive strategic partnership.

Chairing an April 8 meeting of the government task force on strengthening cooperation and adapting to US economic and trade policy shifts, Son, who is also its head, assigned specific responsibilities to various ministries.

The Ministry of Finance was instructed to continue reviewing and refining plans for import tariff reductions, while enhancing customs information exchanges with the US on trade defence and tax evasion matters. Meanwhile, the Ministry of Industry and Trade was tasked with closely monitoring and verifying the origin of exported goods to prevent unexpected cases.

Regarding intellectual property rights, the Deputy PM urged the Ministry of Science and Technology to review legal regulations and address related concerns from the US. The Ministry of Finance was also assigned to collaborate with other ministries in building a bilateral trade agreement upgrade with the US, incorporating provisions on taxation and intellectual property.

Furthermore, Son instructed the Ministry of Finance to devise a comprehensive support plan for businesses. The Ministry of Industry and Trade was directed to promote awareness of the 17 free trade agreements Vietnam has signed, boost trade promotion efforts in new markets, and assist businesses in adapting, while ensuring timely updates on export market policies./.

VNA
#Deputy PM Bui Thanh Son #Vietnam adapting to US economic and trade policy shifts United States Vietnam
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