play a more active role in the multilateral trade system.
A Vietnamese representative made the request at a session held at the
World Trade Organisations (WTO) headquarters in Geneva on Sept. 29 and
Oct. 1 to review the US ’s trade policies.
Head
of the Vietnamese Delegation to the UN, WTO and other international
organisations in Geneva Ambassador Vu Dung and officials from the
Ministries of Industry and Trade, and Foreign Affairs attended the
event.
The representative voiced concerns over the
US ’s trade barriers that resulted in anti-dumping duties against frozen
shrimp, plastic bags and tra fish (Pangasius) imported from Vietnam .
Vietnam expected that the US would
re-examine its investigations on the imposition of anti-subsidy and
anti-dumping tariffs before making decision to avoid affecting other WTO
members.
Two-way trade between Vietnam and the
US has grown steadily, reaching its peak of 15 billion USD in 2009, 15
times higher than the figure in 2001 when the two nations had not
signed the Bilateral Trade Agreement (BTA) yet.
The
US has become as Vietnam ’s biggest importer in recent years,
importing 11.5 billion USD worth of goods in 2009, accounting for
one-fifth of the Southeast Asian country’s total exports. In the first
five months of 2010, bilateral trade hit 7.75 billion USD, including
6.09 billion USD from Vietnamese exports.
The
country emerged as the biggest foreign investor in Vietnam last
year, with a combined registered capital of 9.8 billion USD.
The US is also an important partner of Vietnam in the current
negotiations on the Trans-Pacific Strategic Economic Partnership
Agreement./.
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