Posts

Year of the Dragon Present Choices for China on Trade

WSJ, Jan 23, 2012. In recent years, the momentum for reform has stalled and China has drifted back toward closed markets, “state capitalism,” and higher trade barriers. China still allows rampant theft of U.S. movies, software and other intellectual property and uses unfair standards to block American industrial and food exports. It unreasonably regulates U.S. service providers and investors, and forces the transfer of proprietary U.S. technology under the guise of “indigenous innovation.” China’s trading partners also have serious concerns about its commitment to core WTO principles, including transparency in decision making and rules.

China is essentially trying to have it both ways — reaping the benefits of expanded export access while it shelters favored sectors and fails to follow through on WTO obligations. Increasingly, in both word and action, America and other WTO members are making it clear that this state of affairs can’t continue.

The United States, the European Union and other countries are more aggressively asserting their WTO rights against China’s unfair practices and incomplete reforms. After waiting until 2004 to file its first WTO case against China, the United States has since filed 11, including five by the Obama Administration. U.S. officials have also recently used international rules to pointedly call out China for failing to notify the WTO of some 200 problematic subsidies and for blocking trade over the Internet.

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NCTO Statement to USTR re China’s Compliance with WTO Commitments

Imports fr China and U.S. Textile/Apparel JobsWashington DC. Oct 5, 2011. The issue of China and its adherence to both the spirit and law of its WTO obligations, and the U.S. government’s response, is central to the profound economic strains the U.S. manufacturing sector has undergone over the last ten years. There is little argument that China’s rapid rise to become the world’s greatest manufacturing exporter and producer has come, in significant part, at the expense of the U.S. manufacturing sector. A recent study estimates that 2.8 million U.S. jobs, or two percent of U.S. employment, have been lost over the last decade due to unfair trade practices by the Chinese government1. Most of these job losses have been in manufacturing.

“Over the last ten years, Chinese textile and apparel imports into the US have increased by 489% or nearly $ 32bn, while imports from the rest of the world have fallen 10%. Chinese market share increased from ten to 40%,” said NCTO president Cass Johnson.

There are 30 different policy initiatives that Chinese central and provincial governments have undertaken to support the Chinese textile sector. These subsidies confer a benefit of between 35 and 75 percent for Chinese textile producers.

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Less benefits from WTO accession than expected

HCMC, Apr 1, 2011. Vietnam has gained less benefits from global integration than expected since it joined the World Trade Organization (WTO) in 2007, says a report from the Central Institute for Economic Management (CIEM).

Vo Tri Thanh, vice president of the institute, said in a meeting on Tuesday that Vietnam expected many positive effects from its WTO accession, especially in international trade and foreign investment, but the results are far from satisfaction.

Foreign direct investment in Vietnam after WTO accession has not yielded desirable results as well, Thanh said.

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Weekly Update Feb 12: WTO Implementation Feb 13, Direct Selling Feb 13, ICT Feb 27

Keep up-to-date about U.S.-Vietnam trade and investment relations with Weekly Updates.

Upcoming Events and Committee Meetings

Tue, Feb 13 2pm: WTO Implementation Committee – Inaugural Organizational Meeting
The WTO Implementation Committee was formed recently. At this meeting, members will further define the committee’s purpose, objectives, annual goals, timeline, membership, and resources. If you are a driver and wish to actively participate, please click the link to register on-line and attend.—Committee Chair Lou Nguyen.

Tue, Feb 13 5pm: Proposed Direct Selling Committee – Organizational Meeting
Based on our first informal meeting on January 24th, we will meet to organize more formally, define mission and objectives, and create action plans for this committee. Please spread the word to any other companies or groups you may feel interested in joining this action committee, and invite them to attend. We will all benefit from more voices and insights. Click the link for information and to register on-line.—Committee Chair Shane Harrison

Tue, Feb 27 4:30pm: ICT Committee Meeting – at TMA Solutions Headquarters
ICT solutions providers and those needing solutions, join our monthly meeting at TMA Solutions, followed by informal networking cocktails. Click the link to see the agenda, other participants, and minutes of the January meeting, download the presentation. This is a very active committee with lots going on. – Committee Chair Rick Yvanovitch.

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Weekly Update Feb 05: Vietnam’s WTO Commitments Review Feb 6; TET Feb 16-21

Keep up-to-date about U.S.-Vietnam trade and investment relations with Weekly Updates.

Upcoming Events and Committee Meetings

Tue, Feb 6: Review of Vietnam’s WTO Commitments in Key Sectors
Vietnam’s WTO commitments will have a major impact on your business development, so you need to understand what the commitments are and factor them into your business planning. Please click the link for more information, to Register Online, and to download background materials about Vietnam’s WTO Commitments. This event is organized by AmCham on behalf of the U.S. Consulate General and the visiting U.S. Government officials for U.S. Member Companies and staff.

TET Lunar New Year, Feb 16-21, 2007
It’s not too soon to make your plans for TET now. Click on the link to learn more about this holiday and TET customs in Vietnam, and the Lunar Year calendar. There are four “core” days of celebration: TET Eve (12/29 in the Lunar Calendar, Feb 16 in Western Calendar), First Day of TET (1/1 in Lunar, Feb 17 in Western Calendar), 2nd Day of TET (1/2 and Feb 18), 3rd Day of TET (1/3 and Feb 19). This year, the TET holidays are especially long. AmCham in HCMC offices will be closed for the TET holidays Wed, Feb 14 – Fri, Feb 23, reopening on Mon, Feb 26. Members, associates, and visitors can contact us by email or by using the Contact Us button at the bottom of this web site.

President’s Day – President George Washington’s Birthday, Feb 19, 2007
While Americans may be interested in learning more about TET, Vietnamese may be interested ln learning more about George Washington, the first President of the United States (for two terms: 1789-1797). Please click the link for more information about George Washington, his important role in the eight-year long Revolutionary War (1775-1783), and the founding of the United States. Note that the U.S. Embassy in Hanoi and U.S. Consulate General in Ho Chi Minh City will be closed on this holiday.

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Weekly Update Jan 08: Monthly Lunch Jan 23, Dalat Weekend Jan 26-28, TET Feb 16-19

Keep up-to-date about U.S.-Vietnam trade and investment relations with Weekly Updates.

Upcoming Events – click for more information and to register online

Monthly Lunch: Vietnam’s WTO Commitments on Trade in Goods and Services, Jan 23
These commitments will have a major impact on your business development in the future. Fred Burke, Managing Partner of Baker & McKenzie Vietnam, and Chairman of the Legal and Vietnam Business Forum Liaison Committee, will discuss the key issues.

Dalat Winter Weekend and Roundtable, Fri-Sun, Jan 26-28, 2007
Only a few rooms left. Join AmCham Governors, members and guests in a networking weekend, with Roundtable discussion of key issues and outlook for 2007. We have reserved seats on VN Airlines and 50 rooms at Dalat Sofitel Palace and Dalat Novotel Hotels. Please register early this week to avoid disappointment. Click on the link for Schedule and Registration Form.

TET Lunar New Year, Feb 17-18-19, 2007
It’s not too soon to make your plans for TET now. Click on the link to learn more about this holiday and TET customs in Vietnam, and the Lunar Year calendar.

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Weekly Update Jan 01: Quake disrupts internet/email; Dalat Weekend Jan 26-28, TET Feb 16-19

Keep up-to-date about U.S.-Vietnam trade and investment relations with Weekly Updates.

Earthquake on Tue, Dec 26 near Taiwan disrupts internet access and email service in Vietnam
… but www.amchamvietnam access in Vietnam was restored on Fri, Dec 29 after webmaster re-routed access through Europe. Click the link to read more.

Upcoming Events – click for more information and to register online

New Year’s Dinner Party @ La Habana, Sun, Dec 31
La Habana Restaurant – Bar – Lounge is well-known for its authentic Spanish cuisine and its wide choice of tapas, as well as its famous Cuban cocktails, its Cuban & Latin rhythm and live entertainment in a lovely cozy architecture. Click the link highlighted above for more information.

Dalat Winter Weekend and Roundtable, Fri-Sun, Jan 26-28, 2007
Plan now to join AmCham Governors, members and guests in a networking weekend, with Roundtable discussion of key issues and outlook for 2007. We have reserved seats on VN Airlines and 50 rooms at Dalat Sofitel Palace and Dalat Novotel Hotels. Please register now to avoid disappointment. Click on the link for Schedule and Registration Form.

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Weekly update Dec 18: Dalat Winter Weekend, Election Results, Think like Santa

Keep up-to-date about U.S.-Vietnam trade and investment relations with Weekly Updates.

Upcoming Events – click for more information and to register online

Christmas & New Year’s Dinner Parties @ La Habana, Sun, Dec 24 and Sun, Dec 31
La Habana Restaurant – Bar – Lounge is well-known for its authentic Spanish cuisine and its wide choice of tapas, as well as its famous Cuban cocktails, its Cuban & Latin rhythm and live entertainment in a lovely cozy architecture. Click the link highlighted above for more information.

Dalat Winter Weekend and Ambassador’s Roundtable, Fri-Sun, Jan 26-28
Plan now to join Ambassador Marine, Consul General Winnick, AmCham Governors, members and guests in a networking weekend, with Ambassador’s Roundtable discussion of key issues and outlook for 2007. We have reserved seats on VN Airlines and rooms at Dalat Sofitel Palace and Dalat Novotel Hotels. Register now for this stimulating weekend, with optional activities including excursions, golfing, spa, and simple relaxation. Click on the link for Schedule and Registration Form.

Election Results – Annual General Meeting, Wed, Dec 13
Nearly 150 members and guests enjoyed the Annual General Meeting and Cocktail Reception. Click the link for information on the Board of Governors report and results of the election Governors for the two-year term 2007-2008.

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Weekly update Dec 11: Annual General Meeting, Another Typhoon (#22), PNTR Approved

Keep up-to-date about U.S.-Vietnam trade and investment relations with Weekly Updates.

Typhoon #22 (UTOR) on Sun, Dec 10 was in the Eastern Sea and expected to develop into a Category 4 storm with wind-speeds of 131-155 mph (211-250 kph). Click the link to see the predicted storm track. However, as the recent typhoons have demonstrated, the predicted track can and does often change drastically.

Upcoming Events – click for more information and to register online

Annual General Meeting, Wed, Dec 13
The Board of Governors will report on 2006 activities and finances, and then members enjoy a cocktail reception. Vote for Governors for the 2007-2008 term. Click on the link for additional information and to register online to attend. Spouses are not only invited, but are encouraged to attend with members.

Christmas & New Year’s Dinner Parties @ La Habana, Sun, Dec 24 and Sun, Dec 31
La Habana Restaurant – Bar – Lounge is well-known for its authentic Spanish cuisine and its wide choice of tapas, as well as its famous Cuban cocktails, its Cuban & Latin rhythm and live entertainment in a lovely cozy architecture. Click the link highlighted above for more information.

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Weekly Update Dec 04: Typhoon #21, Governors Ball, Annual General Meeting

Keep up-to-date about U.S.-Vietnam trade and investment relations with Weekly Updates.

Typhoon #21 approaching Vietnam. Maximum wind speeds are 65 knots (121 km/hr). Forecast by Japan Meterorlogical Agency as of 10am on Mon, Dec 4 was that storm center would be NE of HCM City by 10am on Tue, Dec 5. Click the link for more information.

Upcoming Events – click for more information and to register online

11th Annual Governors’ Ball – Sat, Dec 9
Please finalize your arrangments for tables and seating at the 11th Annual AmCham Governors’ Ball, to be held beginning at 6:30 pm on Saturday, December 9, 2006 in the elegant Park Hyatt Saigon Hotel. Click on the link for information. Tables and tickets have been sold out.

Annual General Meeting, Wed, Dec 13
The Board of Governors will report on 2006 activities and finances, and then members enjoy a cocktail reception. Vote for Governors for the 2007-2008 term. Click on the link for additional information and to register online to attend.

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