United States–Vietnam trade relations

[5] Vietnam with six other partners are now in the ongoing Trans-Pacific Partnership (TPP) negotiations with the U.S.[7] The growth in bilateral trade has also been accompanied by issues and problems, e.g. anti-dumping cases, worker’s rights, non-market economy, Intellectual Property Rights (IPR) protection and Vietnam’s exchange rate policy.

[2] On February 3, 1994, President Bill Clinton ordered the lifting of the U.S. trade embargo on Vietnam.

The BTA was signed on 14 July 2000 with the presence and formal testimony of Bill Clinton who had just landed from Camp David.

[4] The U.S. government has approved annual appropriations with the amount of $4–5 million to support Vietnam’s economic reforms.

[2] U.S. - Vietnam Trade and Investment Framework and Agreement (TIFA): Vietnam’s accession to WTO as the 150th member accelerated the process of addressing economic and legal reform issues in the U.S.-Vietnam Trade and Investment Framework (TIFA) negotiations.

[5] Trans-Pacific Partnership (TPP): In 2010, together with six other partners (Brunei Darussalem, Chile, Malaysia, New Zealand, Peru, and Singapore), U.S. and Vietnam started the negotiations for a Trans-Pacific Partnership (TPP) regional free trade agreement.

[5][10] The U.S. seeks to “develop a high-standard, 21st-century regional trade agreement that will support the creation and retention of jobs in the United States and promote economic growth”.