Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan, Deputy Head of the Government Negotiation Delegation, met with Deputy US Trade Representative Rick Switzer to launch the technical negotiation sessions on 12/11.
According to the Ministry of Industry and Trade, the meeting focused on discussing bilateral economic and trade relations and the outcomes achieved during the previous ministerial-level negotiation session. Both sides agreed on several points for the technical negotiation groups to continue addressing. This step is crucial, providing direction for the technical groups in the Vietnam - US Reciprocal Trade Agreement negotiation round.
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Deputy Minister of Industry and Trade, Deputy Head of the Government Negotiation Delegation Nguyen Sinh Nhat Tan, met with Deputy US Trade Representative Rick Switzer on 12/11. Photo: Moit
Deputy US Trade Representative Rick Switzer acknowledged Vietnam's progress in trade policy, institutional reforms, and commitment to international integration. He affirmed that cooperation between the two nations would facilitate the negotiation process. During the meeting, both sides agreed to continue coordinating and increasing exchanges between technical groups to expedite the finalization of a new bilateral trade cooperation framework. This initiative aims to deepen the Vietnam - US Comprehensive Strategic Partnership.
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Deputy Minister of Industry and Trade, Deputy Head of the Government Negotiation Delegation Nguyen Sinh Nhat Tan, met with Deputy US Trade Representative Rick Switzer on 12/11. Photo: Moit |
Deputy Minister of Industry and Trade, Deputy Head of the Government Negotiation Delegation Nguyen Sinh Nhat Tan, met with Deputy US Trade Representative Rick Switzer on 12/11. Photo: Moit
Following the US announcement to delay reciprocal tariffs and agree to talks with Vietnam, Prime Minister Pham Minh Chinh established a government negotiation delegation. Minister of Industry and Trade Nguyen Hong Dien leads this delegation. Since early May, Vietnam's technical exchange delegation has engaged in bilateral trade negotiations with relevant US agencies.
Under the joint statement on the framework for a reciprocal, fair, and balanced trade agreement on 26/10, Vietnam will expand market access for most US industrial and agricultural goods. Conversely, the US maintains 20% reciprocal tariffs on goods originating from Vietnam and is considering applying 0% tariffs to some products. Both nations committed to cooperate in addressing non-tariff barriers impacting bilateral trade in relevant sectors.
Phuong Dung
