Vietnamese Minister of Industry and Trade Vu Huy Hoang and U.S. Trade Representative Ron Kirk attended the third meeting of the Vietnam-US trade and investment Framework Agreement (TIFA) Council in Washington DC on May 23.
They were pleased to review the fine results of Vietnam-US cooperation in trade, investment, intellectual property, information technology, services, and agriculture.
They affirmed that although TIFA is an effective channel for bilateral cooperation, it should be strengthened to deal with snags in the implementation of announcement mechanism.
The two sides discussed solutions to problems arising from the export of Vietnamese frozen shrimp, tra and basa fish to the US.
The participation in TIFA activities has promoted economic, trade and investment relations between the two countries, said Minister Hoang, adding that measures have been discussed to increase bilateral import-export turnover.
Apart from Vietnam’s traditional exports such as garments and textiles, footwear, tra and basa fish products, the US also want to import dragon fruits and rambutan.
For its part, Vietnam is planning to import agricultural products from the US.