Vietnam, U.S. hold virtual ministerial talks on reciprocal trade

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

At the simultaneous online talks between Minister of Industry and Trade Nguyen Hong Dien and U.S. Secretary of Commerce Howard Lutnick and Trade Representative Jamieson Greer on June 19

Dien welcomed the proposals put forward by the U.S. 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 U.S. market.

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

At the event

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

Both Lutnick and Greer affirmed the U.S.’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 finalize and return the necessary documents to Vietnam to facilitate further discussions.

Source: VNA