TFA could reduce Vietnam’s trade costs by 20%, according to the World Trade Organization, more than any Free Trade Agreement tariff reductions. Read more
During his Jul 28-29, 2016 visit to HCMC and Hanoi, Deputy CBP Commissioner Kevin MacAleenan emphasized that three pre-requisites for implementing the WTO Trade Facilitation Agreement are needed to establish the institutional framework, which includes: (1) National Committee on Trade Facilitation, (2) Customs Cooperation (Customs Mutual Assistance Agreement), and (3) Government – Business Consultations on all laws and regulations affecting imports and exports. Below are details of the commitments in the TFA. Read more
The signing ceremony for the USAID-VCCI-AmCham MOU to establish the VTFA received wide media coverage. Many reports were in government web-sites, as well as the press. Read more
Secretary of State John Kerry announced a technical assistance program for Vietnam to help implement the TPP Commitments during his visit to Vietnam Dec 14-16, “And today, I am happy to announce USAID’s Governance for Inclusive Growth. It’s a program to help implement the Trans-Pacific Partnership. This is not aid. I want to make that clear. This is an investment, and it’s an investment in broad-based and sustainable growth.” Secretary of State John Kerry, Dec 14, 2013 in Ho Chi Minh City.
On Jan 14, USAID signaled its robust support for the U.S.-Vietnam Comprehensive Partnership with an event to launch its Country Development Cooperation Strategy (CDCS), which outlines the USAID’s development assistance program in Vietnam from 2014 through 2018. At the event, USAID signed a memorandum of understanding with the Ministry of Justice to officially begin USAID’s new “Governance for Inclusive Growth” program. Read more