Vietnam – US trade towards trade balance

On May 9, the Ministry of Industry and Trade and the Ministry of Agriculture and Environment jointly organized a conference on "Promoting trade in agricultural, forestry and fishery products between Vietnam and the United States".

The conference aims to implement the Prime Minister 's direction on promoting trade agreements, towards a fair, sustainable, and long-term trade balance between the United States and Vietnam.

The United States is a large consumer market for Vietnam's agricultural, forestry and fishery products and is also a market with great export potential for cereals, meat, milk, wood, etc.

According to Minister of Industry and Trade Nguyen Hong Dien, importing agricultural, forestry and fishery products from the United States in the short term aims to meet domestic consumption needs, contribute to trade balance and promote negotiations to achieve the best results.

In the long term, this is the basis for Vietnam and the United States to cooperate more closely in the fields of agriculture, forestry and fisheries towards high technology, circulation and sustainable development.

Vietnam and the United States can cooperate to develop high-tech agriculture. *Photo: L.Giang*

Minister of Agriculture and Environment Do Duc Duy said that the Government and ministries and sectors have actively consulted and negotiated with the United States to find a common voice, bringing benefits to producers, businesses and consumers of both countries.

The Ministry of Agriculture and Environment has also had many plans to promote exports to the US, emphasizing transparency in supply chains and raw material areas; applying digital technology in traceability and quality control; building industry brands based on compliance and sustainable development...

To increase import and export turnover in the fields of agriculture, forestry and fishery, the two countries should soon review and remove trade barriers; at the same time, issue strong and feasible incentive policies on tax policies, capital incentives, logistics support, etc.

Enterprises and business associations in the field of agricultural, forestry and fishery import and export are urgently connecting with US partners to seek more import opportunities from this market.

Through import and export activities, seek cooperation to build Vietnamese agriculture towards green, clean, high added value and sustainability, focusing on production, processing and consumption stages.

The Government, ministries and sectors accompany businesses, remove technical barriers, open the door for US agricultural, forestry and fishery products, and simplify administrative procedures so that businesses and industry associations have conditions to increase trade with this market.

Source: https://hanoimoi.vn/giao-thuong-viet-nam-hoa-ky-huong-toi-can-bang-thuong-mai-701752.html