Speaking earlier this week, US Trade Representative Susan Schwab welcomed the Senate Finance Committee's approval of legislation to authorize the granting of permanent normal trade relations with Vietnam, in an 18-0 vote.
She announced that:
"I...welcome the committee’s approval of Permanent Normal Trade Relations (PNTR) for Vietnam, and urge the Congress to move to a final vote expeditiously. PNTR will facilitate Vietnam’s accession to the World Trade Organization (WTO) and integrate this economically vibrant country into the global community of trading nations."
"Vietnam’s accession will also open up exciting new trade and investment opportunities for American companies and workers in this fast-growing market of more than 80 million people."
"WTO Membership will encourage political and economic reforms in Vietnam and by providing PNTR, the United States will again demonstrate its ongoing commitment to the vitally important Southeast Asian region."
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