At the working session (Photo: VNA) Both sidesunderscored the need for broader and deeper cooperation between the managementagencies of both countries, and between the Vietnamese Ministry of Industry andTrade (MoIT) and the US Department of Commerce (DOC) in particular, in order toactualise the vision of the two countries' leaders and to set development goals that match the bilateral comprehensive strategic partnership.
Reiteratingthe importance of the recognition of Vietnam's market economy status, Dien suggestedthe DOC make drastic directions to expedite and complete the ChangedCircumstances Review (CCR) process this year, in line with the spirit of theJoint Statement on September 11 and the Action Plan agreed by the twocountries’ leaders.
The MoIT,in its role as the Chair of the Vietnam Sub-Committee on Trade and Investmentof the Vietnam-US Trade and Investment Framework Agreement (TIFA) Council,pledges to continue actively working with relevant US regulatory agencies to fullyaddress the concerns of both countries, thereby maintaining a stable traderelationship toward a balanced, sustainable and mutually beneficial tradebalance, he said.
About thediscussions within the Indo -Pacific Economic Framework for Prosperity (IPEF), Dienwelcomed the results achieved by IPEF member countries in basically concludingnegotiations on Pillar II - Supply Chains, affirming that as an active andresponsible member of both multilateral and regional cooperation frameworks,Vietnam consistently supports and stays ready to engage in discussions withother member countries to contribute to building practical contents that suit developmentconditions of each member.
At the same time, the minister expressed serious concerns over theincreasing frequency of trade remedy investigations on Vietnamese exports tothe US, particularly industrial products, and proposed that the DOC carefullyconsider Vietnam's opinions on each specific case to ensure tradeliberalisation, fairness, objectivity and transparency in two-way trade.
Raimondoacknowledged that Vietnam has formally asked the DOC to initiate a CCR to consider grantingmarket economy status to the country within the framework of specific cases.She said there would be direct guidance to expedite the review process towards the early recognition of Vietnam's market economy.
Expressinga high level of interest in the progress of the IPEF negotiations, she wishedto quickly conclude the remaining pillars of the talks by the end of this year.
At the endof the working session, both ministers agreed that the two sides should keepfostering strategic trust, enhance discussions and deepen cooperation in coreareas for the future such as energy, aviation, rare earth and essential minerals, workforce training,energy transition, digital economy and green production. They also committed tofinding ways to boost joint work to deliver on the commitments by their leaders./.
VNA
