Prime Minister calls for initiatives to promote sustainable trade with U.S.
VGP - Prime Minister Pham Minh Chinh called for more initiatives to promote trade relations between Viet Nam and the U.S. in a balanced and sustainable manner, for the benefits of the people of the two countries.
Prime Minister Pham Minh Chinh
Pham made the call during a meeting on Saturday to seek immediate and long-term measures after the U.S. Administration announced reciprocal tariffs on imports into the U.S.
He tasked the Ministry of Finance to immediately review and amend tariff lines in accordance with the agreement reached between General Secretary To Lam and President Donald Trump during their phone conversation on April 4.
The Ministry of Industry and Trade was tasked to promote negotiations to upgrade the Viet Nam-U.S. Bilateral Trade Agreement and coordinate with the Ministry of Foreign Affairs to continue working with the U.S. side to urge the U.S. to cancel the imposition of 46 percent reciprocal tariff on imports from Viet Nam.
In the long run, the Government chief called for promoting the restructuring of the economy towards fast and sustainable fashion and diversifying products and markets, including such potential markets like the Middle East and Central Asia.
He also called for solutions to assist businesses and people during this hard time.
Pham said that the Viet Nam–US relationship is a special one and serves as a model in international relations. From former enemies, they have become each other's leading partners, with economic and trade cooperation being a key pillar that has brought mutual benefits to both nations and their people. The two economies are complementary rather than directly competitive.
