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US announces project to support trade deals in VN

The US Government, through the US Agency for International Development (USAID), has announced a 11.7 million USD project that continues supporting Vietnam ’s efforts to enhance trade and its fuller integration into the global economy.
The US Government, through the US Agency for International Development(USAID), has announced a 11.7 million USD project that continuessupporting Vietnam ’s efforts to enhance trade and its fullerintegration into the global economy.

According to the US Embassy,the three-year project, extending through Sept. 2013, will assistVietnam as it implements new legal documents to fulfill the country'sinternational commitments in the World Trade Organisation (WTO) andother trade and investment related agreements.

“Technical assistance under this project will provide experts, trainingand, in general, help build Vietnam’s capacity to implement and enforceexisting legislation to meet the commitments of, as well as, seizeopportunities presented by current and developing trade and otherinternational agreements,” said USAID Mission Director Francis Donovan.

USAID's implementing partner, DAI/Nathan Group, willwork with the main Government counterpart, the Ministry of Justice, andother Vietnamese authorities to train staff, help develop institutions,and build the capacity of state agencies and support Vietnam ’sfurther global economic integration, including preparation of legalconditions required to participate in multilateral internationaltreaties.

The project builds on USAID’s previous Support for Trade Acceleration (USAID/ STAR) projects.

Since2001, USAID has provided technical support to Vietnamese authoritiesdrafting 150 laws, of which 115 have been adopted. These includetrade-facilitating laws on the labor code, credit institutions,securities, standards, and arbitration.

Recent activitiesinclude consultations with Vietnamese officials on regulations affectingimports/exports, investment, and intellectual property rights./.
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