US, Vietnam positive about second round of tariff negotiations

US, Vietnam positive about second round of tariff negotiations

Vietnam and the US have made progress in the second round of tariff negotiations by reaching consensus on some issues and highlighting unresolved areas.

The second round of tariff negotiations took place from May 19 to 22 in Washington, with the participation of Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer.

With utmost determination and effort, the Vietnamese and American delegations discussed all the contents in the spirit of goodwill, frankness, and respect for institutions. The discussions also ensured harmony and balance of interests in accordance with international commitments and the development level of each country.

The two sides also provided information on each other's current policies and clarified the contents of the draft bilateral agreement on trade. The two sides discussed a comprehensive approach to addressing issues of mutual concern to accelerate the negotiation process. The delegations had open and constructive exchanges on economic and trade issues of core interest to both countries.

They also identified groups of issues on which they have come to an agreement or positions that have narrowed, as well as the ones needing more discussions. Both parties agreed on timelines for providing feedback on the draft agreement, suggesting specific wording, and hosting virtual meetings in anticipation of the next round of negotiations.

On the last day of talks, Minister Dien had a bilateral meeting with US Trade Representative Jamieson Greer to examine the results of the second round and identify the main areas of focus for the upcoming negotiations, which are set for early June.

Greer praised Vietnam's efforts and goodwill in addressing US concerns and expressed hope that the two countries will continue fostering technical exchanges, especially at the ministerial level, to produce results as quickly as feasible.

Dien affirmed Vietnam's determination to promote economic and trade relations with the US in a balanced and sustainable manner for the sake of both countries' individuals and businesses.

The minister agreed with Greer to assign technical teams to strengthen exchanges to reach an agreement in accordance with the expectations and conditions of each side.

VIR