Us And Vietnam Trade Agreement

1. This chapter applies to the actions taken by the parties with respect to trade in services. 2. For the purposes of this chapter, trade in services is defined as the provision of services: bilateral economic relations Since the entry into force of the bilateral trade agreement between the United States and Vietnam in 2001, trade between the two countries and U.S. investment in Vietnam has increased significantly. The United States and Vietnam have a framework agreement on trade and investment; they have also signed agreements in the textile, air and sea transport sector. U.S. exports to Vietnam include agricultural products, machinery, wire/tissues and vehicles. U.S. imports from Vietnam include clothing, footwear, furniture and sheets, agricultural products, seafood and electrical machinery. Bilateral trade between the United States and Vietnam increased from US$451 million in 1995 to nearly US$52 billion in 2016.

In 2016, Vietnam was America`s fastest export market. U.S. exports to Vietnam increased by 77 percent between 2014 and 2016. U.S. exports to Vietnam exceeded $10 billion in 2016 and U.S. imports totalled $42 billion in 2016. U.S. investment in Vietnam has increased significantly over the past eight years to nearly $10 billion. The United States and Vietnam intend to establish the Joint Commission for Civil Nuclear Cooperation between the United States and Vietnam to facilitate the implementation of the 123 Agreement on Nuclear Activities for Peaceful Purposes, which came into force in October 2014. The extension of the civil nuclear partnership will help reduce emissions from the global energy sector and set the highest standards for nuclear safety, safety and non-proliferation. The growth of bilateral trade between the United States and Vietnam has also been accompanied by many problems and problems. [1] During Vietnam`s application to the Generalized Preference System (GSP) and the negotiation of a bilateral investment contract (ILO) with the United States, the U.S.

government hesitated to accept Vietnam`s request and enter into a bit with Vietnam. [1] The rapid increase in imports of certain products from Vietnam (for example. B clothing, frozen fish fillets) led to the creation of a controversial import monitoring program in the United States and an anti-dumping order against Vietnam. [1] 1. In order to facilitate the exercise of its activities and subject to the provisions of Chapters I (including B, C, D and E), III (including Schedules F and G) and IV (including Appendixes H and I) of this agreement, each contracting party authorizes: A. Nationals and companies of the other contracting party to import and use office equipment and other equipment such as typewriters, photocopiers, computers and facsimile machines in the course of carrying out their activities in the territory of that contracting party, in accordance with normal business practices; B. subject to its laws and procedures relating to immigration missions and missions abroad, which allow nationals and businesses of the other party to access and use office and residential premises on a non-discriminatory basis and at market prices; C. subject to its laws, rules and procedures relating to immigration missions and operations abroad, allow nationals and companies of the other contracting party to hire agents, consultants and distributors of one of the contracting parties for their production and investments secured at the prices and conditions agreed upon by the parties; D. Allow nationals and businesses of the other contracting party (i) to promote their products and services in direct agreement with advertising materials, including television, radio, printing and display, and (ii) by direct mail, including the use of envelopes and attached cards addressed to these nationals or companies; E.