Home / International / International -- World Tools: Save | Print | E-mail | Most Read
US, Vietnam Sign Trade, Investment Framework Agreement
Adjust font size:

The United States and Vietnam on Thursday signed a Trade and Investment Framework Agreement (TIFA) that will create a platform on which to further expand and deepen bilateral trade and investment ties between the two countries.

"The TIFA signing marks another important step forward for both countries in the steady expansion of our economic relations," said Deputy US Trade Representative Karan Bhatia, who signed the TIFA on behalf of the United States.

"I am pleased with the ambitious work program we've agreed to undertake under the TIFA, which will support Vietnam's domestic economic reform agenda, create new opportunities for US and Vietnamese businesses, and allow us to consider additional steps we may want to take to further strengthen our relationship," he added.

Signing on behalf of Vietnam was that country's Vice Minister of Trade Nguyen Cam Tu.

Under the TIFA, the United States and Vietnam will discuss implementation of the 2001 US-Vietnam Bilateral Trade Agreement (BTA) and Vietnam's WTO commitments. The two sides also will explore new initiatives to increase trade in industrial and agricultural products and services, and to encourage further investment between the two countries.

Two-way goods trade between Vietnam and the United States totaled US$9.7 billion in 2006, an increase of 23 percent over the previous year. The United States exported US$1.1 billion worth of goods to Vietnam last year.

Vietnam became the WTO's 150th Member on January 11, 2007. With a market of over 82 million people, Vietnam is the 14th most populous nation in the world and has experienced economic growth of more than 7 percent per year for each of the last five years.

(Xinhua News Agency June 22, 2007)

Tools: Save | Print | E-mail | Most Read

Related Stories
Vietnam Thriving on Major-power Diplomacy
Vietnam Expects Socioeconomic Gains from President's US Trip
> Korean Nuclear Talks
> Middle East Peace Process
> Iran Nuclear Issue
> Reconstruction of Iraq
> 6th SCO Summit Meeting
Links
- China Development Gateway
- Foreign Ministry
- Network of East Asian Think-Tanks
- China-EU Association
- China-Africa Business Council
- China Foreign Affairs University
- University of International Relations
- Institute of World Economics & Politics
- Institute of Russian, East European & Central Asian Studies
- Institute of West Asian & African Studies
- Institute of Latin American Studies
- Institute of Asia-Pacific Studies
- Institute of Japanese Studies
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright © China.org.cn. All Rights Reserved     E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号