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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (289642)5/31/2006 6:41:53 AM
From: Road Walker  Read Replies (1) of 1572704
 
U.S., Vietnam sign trade pact

The United States and Vietnam signed a trade pact Wednesday that removes one of the last major hurdles in Hanoi's bid to join the World Trade Organization.

The deal knocks down further trade barriers between the two countries, which saw bilateral trade rise 21.6 percent to $7.8 billion last year, by ending U.S. quotas on Vietnamese textiles and garments and giving American companies greater access to a growing Southeast Asian market.

It also paves the way for Vietnam to reach its goal of becoming a member of the global trading body before Hanoi hosts the Asia Pacific Economic Cooperation summit in November, which President Bush is scheduled to attend.
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