America Officially Unloaded Tariff Threat To Vietnam

On July 23, the US Trade Representative Office (USR) announced the official decision on the Section 301 survey on Vietnam's currency activities instance.02: 00/2: 10The Nam according to that agency There are no tariff action against Vietnam. The Ustr declaration said the agreement was reached between the US Finance Ministry and the State Bank of Vietnam providing a satisfactory solution to the issue being investigated and therefore no commercial action was conducted At this time. At the same time, the claim to indicate that the USTR coordinates with the US Ministry of Finance will supervise the implementation of Vietnam in the future. Katherine Katherine Tai, US Trade Representative, has welcomed Vietnam to commit to resolving concerns American in the currency field and considers this as an important typical for the Indian Ocean-Pacific region

. Ms. Tai, Enterprises and US Workers will be stronger when commercial partners valuation Their bad is fair and competitive on an equal playground. In the coming time, with the coordination of the Ministry of Finance, USTR will work with Vietnam to ensure the implementation, and will continue to check the monetary practices of other major trading partners
, as a world on 20.7 reported Vietnamese - the US reached an agreement to operate currency and wide road for Vietnamese enterprises. In 19.7, the US Finance Ministry said Vietnam affirmed its commitment according to regulations of the International Monetary Fund "Avoid manipulating the exchange rate to prevent the adjustment of effective payment balance or to achieve unhealthy competitive advantages and will not devalve competitively for Vietnam dong" .When that, the Ministry of Finance said it would notify other US government agencies on this agreement, and called on the State Bank of Vietnam to "improve the flexibility of the exchange rate over time "Allow monetary activities to match the development of the domestic market and basic economic rules. According to the general statement after the meeting, both sides for balls The focus of the monetary policy framework of the State Bank of Vietnam to promote macroeconomic stability and control inflation. The State Bank of Vietnam also pledges to continue to provide the necessary information so that the US Department of Finance conducts thorough analysis and reporting on the operation of the State Bank of Vietnam in the foreign exchange market in the report Periodically 6 months of this ministry before the American National Assembly. In April, the United States was Vietnamese with Swiss and Taiwan out of the list of "manipulating money" because there was not enough evidence to conclude Vietnam manipulator Currency.At

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