U.S. Trade mission to Viet Nam slated for later this year

U.S. Commerce Secretary Carlos Gutierrez on Tuesday announced that he will visit Viet Nam later this year, The Associated Press reported the same day. With the visit, Gutierrez hopes to increase the presence of U.S. imports in Viet Nam.

The envoy will consist of various industry representatives eager to gain access to the Vietnamese market, one of the fastest growing in Asia. Expanded market access will allow U.S. companies to export more to the region and create more industry opportunities in Viet Nam.

“Vietnam is an exciting new market that is providing opportunities for American businesses, manufacturers and service providers,” Gutierrez said.

He added, “This [Vietnamese] administration has demonstrated that it will use every tool at its disposal to enforce our trade laws, from applying anti-subsidy laws on Chinese imports to filing WTO…cases. We play by the rules and we expect others to do the same.”

In January 2007, Viet Nam joined the World Trade Organization (WTO) following 11 years of negotiations.

For the full article, click here.