Australia will cut 90 percent of import tariff lines in 2018 and 100 percent of them in 2020 under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) roadmap, said the Ministry of Industry and Trade (MoIT).
Prime Minister Nguyễn Xuân Phúc visited the Foreign Ministry in its new headquarters in Hà Nội yesterday, wishing that each diplomatic official be a soldier on the external front.
The International Trade Centre (ITC) will continue working with Vietnam to improve the competitiveness of its enterprises during their integration into international trade, affirmed ITC Executive Director Arancha González.
Australia and Vietnam established diplomatic relations in 1973 after negotiations were concluded in Paris that resulted in an Agreement to End the War and Restore the Peace in Vietnam. Bilateral relations have been continually developed with two major turning points.
The one-time valid visa fee for foreigners is $25. If Vietnam exempts Visa’s for travelers from more than 100 countries, it will lose hundreds of millions of dollars each year. However, if it can attract visitors from these countries, it could earn big money from tourists who spend $100 a day at minimum.
The United States Department of Agriculture’s Animal and Plant Health Inspection Service recently celebrated the opening of its new office in Hanoi, Vietnam. The office will play a vital role in helping expand the United States’ $2.5 billion-dollar agricultural export market in Vietnam.
While global trade policies take place among the world’s powerful economies, small economies like Vietnam have to sustain enormous impact from the shifts in policies.
The Trans-Pacific Partnership (TPP) seemed to have died when President Donald Trump pulled the United States out of the agreement early last year.
The Mekong Delta is one of Vietnam’s key agricultural hubs, producing masses of rice, seafood, and fruits. Currently rice production occupies 54% of the total farm land in the region, contributing more than 90% of Vietnam’s rice for export and bringing in billions of USD in revenue each year.
US President Donald Trump has labelled the World Trade Organization a “catastrophe” in a wide-ranging attack on the international trade regulator. His administration is seeking to renegotiate all US trade deals.
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