Vietnam, US conclude 5th round of negotiations on Reciprocal Trade Agreement

(Chinhphu.vn) - The Ministry of Industry and Trade said that according to the agreed plan, the 5th round of direct negotiations on the Reciprocal Trade Agreement between Vietnam and the United States will be held from November 12-14 in Washington DC, USA.

Deputy Minister of Industry and Trade , Deputy Head of the Government Negotiation Delegation Nguyen Sinh Nhat Tan worked with the US side in the technical negotiation session.

The Vietnamese negotiating delegation was led by Minister of Industry and Trade Nguyen Hong Dien with the participation of members of the negotiating delegation and representatives of ministries and branches including: Public Security, Foreign Affairs , Finance, Home Affairs, Agriculture and Environment, Science and Technology, Justice and the State Bank.

During the 3-day negotiation, the Vietnamese and US negotiating delegations made great progress in many issues such as services, digital trade, agriculture , technical barriers to trade (TBT), food safety standards (SPS)... and narrowed the gap in the remaining issues. In the meeting summarizing the negotiation session, representatives of the US Trade Representative (USTR) and the Vietnamese negotiating delegation both said that the negotiation session had very positive results, creating a favorable basis for the early completion of the Vietnam - US Reciprocal Trade Agreement.

The United States highly appreciated the goodwill, efforts and creative approach of the Vietnamese Negotiation Delegation, especially the results of the direct negotiation session between Minister Nguyen Hong Dien and Chief US Trade Representative Jamieson Greer held right before the official technical negotiation session. Based on Vietnam's requests, the United States had initial positive responses and said that it could consider handling based on the overall negotiation results.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan and members of the working delegation attended the technical negotiation session in Washington, DC.

The two sides also agreed on the work to be carried out after the negotiation session and agreed to hold a number of online meetings in the coming days to continue discussing outstanding issues as well as prepare for the online ministerial-level negotiation between Chief Trade Representative Jamieson Greer and Minister Nguyen Hong Dien scheduled to take place in November.

In addition to the negotiation activities, Minister Nguyen Hong Dien had working sessions with the US Deputy Secretary of State, Congressman, Chairman of the House Tax Committee and met with leaders of technology and semiconductor corporations and the US Apparel and Footwear Association to promote bilateral economic, investment and trade cooperation activities as well as advocate for Vietnam's reciprocal trade negotiation process.

Anh Tho

Source: https://baochinhphu.vn/viet-nam-hoa-ky-ket-thuc-vong-dam-phan-thu-5-hiep-dinh-thuong-mai-doi-ung-102251115180005881.htm