Vietnam, US close to reaching reciprocal trade agreement

Vietnam’s Party General Secretary and President To Lam met the trade representative in New York on Monday morning as part of his trip to the U.S. to attend the High-Level General Debate of the 81st Session of the UN General Assembly and conduct bilateral activities.

The Vietnamese leader affirmed at the meeting that Vietnam attaches importance to its Comprehensive Strategic Partnership with the U.S. and wishes to work with President Donald Trump’s administration to continue advancing bilateral relations in a stable, substantive, effective and sustainable manner.

Vietnam’s Party General Secretary and President To Lam (R) meets with U.S. Trade Representative Ambassador Jamieson Greer. Photo by VNA

He stressed that economic, trade and investment cooperation is one of the most important pillars of bilateral relations, directly benefiting businesses and people and contributing to the development of both countries.

In recent years, Vietnam has made efforts to substantively promote cooperation and purchase goods from the U.S. in order to boost bilateral trade in a more balanced direction, while creating more orders, jobs and direct benefits for businesses and workers in both countries, he continued.

For his part, Greer highly appreciated the attention paid by the Vietnam leader and Vietnam’s efforts to balance trade between the two countries. He also said that the two negotiating teams have made great efforts, and have so far made significant progress and come very close to reaching a final outcome.

The trade representative said that once signed and implemented, the agreement on reciprocal, fair and balanced trade would continue to open up new opportunities and prospects for cooperation between the two countries.

General Secretary and State President Lam welcomed the very positive results achieved by the two sides toward the early signing of the agreement, creating a stable, long-term framework for economic, trade and investment relations.

He also called on the U.S. to take a comprehensive approach to outstanding trade issues, including those related to investigations under Section 301 of the U.S. Trade Act of 1974. On that basis, the leader expressed his wish that the two countries step up efforts to promote the substantive development of bilateral economic, trade and investment ties, thus bringing benefits to their people.

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