US business representatives showed confidence in Vietnam’s potential and investment climate, offering specific recommendations in energy, high-tech, logistics, trade, finance, healthcare, agriculture, and consumer goods.
After the first day of discussions, both sides are working hard to narrow the remaining gaps and that the 18th round is progressing very positively.
Both sides agreed to maintain close coordination and intensify exchanges among their technical groups to advance negotiations in line with the guidance of senior leaders and the two ministers, with the aim of soon concluding a new framework for bilateral trade cooperation that further deepens the Vietnam-US Comprehensive Strategic Partnership.
The Vietnamese Government has officially approved its participation in the Multi-Party Interim Appeal Arbitration Arrangement (MPIA) – a flexible mechanism designed to maintain and promote the WTO’s dispute settlement function amidst complex negotiations over dispute settlement reform.
Market access for agricultural products is a top priority for Vietnam and the US with significant progress made, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan told visiting the US Department of Agriculture (USDA)'s Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor at their meeting in Hanoi on September 12.
