PM hosts US trade representative, agriculture secretary

NDO/VNA – Prime Minister Nguyen Xuan Phuc met with US Trade Representative Robert Lighthizer and Secretary of Agriculture Sonny Perdue in Washington DC on May 30 (local time).

The PM lauded the recent development of cooperation in economics, trade and investment between the two countries, emphasising this as a driving force in bilateral relations, contributing to growth and job generation.

He affirmed the significant importance that Vietnam attaches to economic-trade-investment collaboration with the US and his wish to boost bilateral economic ties for the mutual benefit of the two nations.

Vietnam will seek to create more favourable conditions enabling the US to bring products to the market, while improving the business and investment environment, he said.

The US guests agreed that the two countries have complementary economies, which enables US firms to invest and conduct business ,adding that the US treasures economic-trade ties with Vietnam and welcomes the Southeast Asian nations pursuit of economic reforms and international integration.

The US side hailed the Vietnamese Government for easing some of the concerns the US had and its will to support US growth and employment targets.

Both nations should approve the Trade and Investment Framework Agreement (TIFA) mechanism to further address difficulties in trade.

He asserted Vietnam’s determination to promote renovation and international integration, and implement measures in line with fair trade rules, stressing that Vietnam considers the success of US enterprises’ as its success.

US firms affirmed their support for the strengthening of relations between the two countries, saying that the Vietnamese Government’s policies created a fair environment for foreign enterprises, including those from the US.

They said they will support Vietnam in holding APEC 2017.

On the same day, PM Phuc also received the World Bank’s Regional Vice President for the East Asia and Pacific, Victoria Kwakwa, during which he asked the bank to continue supporting Vietnam in both international support and economic and financial policy consultation.

Kwakwa expressed her admiration for Vietnam’s development as well as the country’s achievements in reducing poverty.

She said the World Bank’s Boards of Directors supports Vietnam’s measures to promote economic restructuring and growth expansion, affirming that the bank will continue to facilitate the Vietnamese Government in achieving their development goals.

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