Vietnam, US hold virtual ministerial talks on reciprocal trade

Hanoi (VNA) – Minister of Industry and Trade Nguyen Hong Dien on 19 June held simultaneous online talks with US Secretary of Commerce Howard Lutnick and Trade Representative Jamieson Greer, as the two countries continue negotiations towards a reciprocal trade agreement.

The ministerial discussions focused on identifying solutions and orientations to resolve existing obstacles hindering the negotiation process.

Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.

He underscored Vietnam’s wish to work with the US in developing harmonised and practical rules of origin that are well-suited to global supply chains, ensure non-discrimination, and create favourable conditions for businesses in both countries.

The US officials commended Vietnam’s efforts and goodwill in addressing outstanding issues. They noted that such an approach would provide a sound basis for the US to consider reciprocal tariff measures that are appropriate to Vietnam’s specific conditions and circumstances.

Both Lutnick and Greer affirmed the US’s willingness and determination to reach an agreement that serves the mutual interests of both sides. Greer added that the Office of the United States Trade Representative (USTR) would soon finalise and return the necessary documents to Vietnam to facilitate further discussions./.