Minister of Industry and Trade as special envoy of Prime Minister, to the US to discuss trade

Minister Nguyen Hong Dien and US Trade Representative Jamieson Greer - Photo: BCT

According to information from the Ministry of Industry and Trade , on March 13, Minister of Industry and Trade Nguyen Hong Dien - special envoy of the Prime Minister - worked with US Trade Representative Jamieson Greer at   headquarters of the Office of the United States Trade Representative (USTR) to discuss promoting bilateral economic and trade cooperation between Vietnam and the United States.

Promoting relations with complementary commodity economies

This is the first important, direct and official working session at the ministerial level between the two countries since the US had a new administration.

Therefore, the two sides expressed their delight at the fact that after 30 years of establishing diplomatic relations, 10 years of establishing the Comprehensive Partnership and two years of upgrading the relationship to the level of Comprehensive Strategic Partnership, the relationship between the two countries has been developing increasingly positively and steadily in all fields.

In which, the economic - trade - investment pillar plays a key role in promoting the overall bilateral relationship. Trade turnover in 2024 will reach nearly 150 billion USD, making the US the second largest trading partner and one of Vietnam's most important export markets.

Minister Nguyen Hong Dien affirmed that Vietnam always considers the US as a leading important partner. At the same time, he wishes to promote the comprehensive strategic partnership between the two countries to develop strongly, substantially, deeply and sustainably, contributing to enhancing understanding and strategic trust between the two countries.

Mr. Dien said that the economies and import-export structure of Vietnam and the US are complementary, so trade turnover between the two countries has increased rapidly and stably over the past years, ensuring important foundations and maintaining national interests in bilateral cooperation.

Vietnam's consistent policy is to wish to build a harmonious, sustainable, stable, and mutually beneficial economic and trade relationship with the United States; at the same time, it has no intention of creating any obstacles that could harm workers or the economic and national security of the United States.

On that basis, Mr. Dien informed about specific groups of solutions that the Vietnamese Government is proactively implementing to promote economic, trade and investment relations with the US in a comprehensive, harmonious and sustainable manner.

He then suggested that the two countries' technical levels continue to discuss so that the US can soon recognize Vietnam's market economy status; he said that this would be an important decision, commensurate with the stature of the current comprehensive strategic partnership between the two countries.

Collaborate to create a fair business environment

US Trade Representative Jamieson Greer highly appreciated the proactive coordination and frank, responsible, and goodwill views of the Minister of Industry and Trade in clearly understanding and directly addressing the direction of handling current US concerns.

Mr. Greer said that the new US trade policy is designed purely to further promote trade and investment, protect economic security, national security and US workers; not to harm partner countries.

However, in trade exchanges, the parties must achieve commensurate economic benefits; accordingly, Vietnam needs to have stronger solutions to open the market and improve the trade balance in the coming time.

Referring to concerns about developments in US tariff policies, Minister Nguyen Hong Dien and US Trade Representative Jamieson Greer both said that this is the time for Vietnam and the US to work closely together to create a fair and sustainable business environment.

On that basis, through proactively reviewing and considering the removal of trade barriers that hinder investment and business activities; building an effective control mechanism for trade fraud, origin fraud, and illegal transshipment.

At the end of the meeting, the two sides agreed to conduct regular consultations at the technical level to promptly resolve specific issues arising in order to build a harmonious, sustainable, and stable economic and trade relationship in line with the comprehensive strategic partnership between the two countries.

Ngoc An - Tuoitre.vn

Source: https://tuoitre.vn/bo-truong-cong-thuong-lam-dac-phai-vien-cua-thu-tuong-sang-my-ban-thao-ve-thuong-mai-20250314090946724.htm#content