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20thVietnam Free Trade Agreements With Us

In recent years, Vietnam has actively signed bilateral trade agreements with countries around the world. In addition, due to its membership in the Association of Southeast Asian Nations (ASEAN), Vietnam has become a party to several free trade agreements signed by the regional trade bloc. Trade relations between the United States and Vietnam between 1990 and 2012 focus on bilateral trade relations between the United States of America (USA) and the Socialist Republic of Vietnam (Vietnam). After more than two decades without economic relations since the end of the Vietnam War, the two governments re-established economic relations in the 1990s. [1] Bilateral trade between the United States and Vietnam then grew slowly and developed rapidly after the signing of the bilateral trade agreement between the United States and Vietnam in December 2001. [2] Total bilateral trade revenue increased by 1200%, from $1.5 billion in 2001 to more than $20 billion in 2011. [3] Bilateral trade relations developed following Vietnam`s accession to the World Trade Organization (WTO) in 2007. [1] The United States and Vietnam also reached a Framework Agreement on Trade and Investment (TIFA) in 2007. [4] In 2011, Vietnam was the 26th largest U.S. goods import partner[5] with $17.5 billion, and was the 45th largest merchandise export market in 2010, with $3.7 billion. [4] Vietnam and six other partners are currently engaged in the ongoing trans-Pacific Partnership (TPP) negotiations with the United States[6]The growth of bilateral trade has been accompanied by such problems and problems.

B as anti-dumping cases, workers` rights, the non-market economy, intellectual property rights protection (IPD) and Vietnam`s exchange rate policy. [1] As the data above show, one of the most important export sectors is heavy and light industry, with the largest industry now accounting for almost 50% of products leaving Vietnamese shores. In addition, the EU`s share of Vietnamese exports averaged 18.3% between 2015 and 18% and grew in absolute terms. For Vietnamese exporters, the TFUE is a gateway to an $18 trillion market. The Vietnamese government estimates that this measure will increase exports to the EU by 42.7% by 2025. 71% of tariffs are eliminated for Vietnamese exporters, including in key industries such as textiles, electronics, footwear and agriculture. Some, such as textiles and footwear, have 7 years to get out of customs duties.