AmCham supports removal of all barriers to trade between Vietnam game bet88 U.S.

In his recent interview with the Vietnam Government Portal (VGP), Executive Director of the American Chamber of Commerce (AmCham) in Hanoi Adam Sitkoff voiced his support the removal of all trade barriers between Vietnam game bet88 the United States.

Mr. Sitkoff said that Vietnam's government is serious about taking proactive steps to demonstrate a real commitment to addressing the trade imbalance while solving burdens game bet88 barriers faced by American companies game bet88 investors.

Vietnam recently reduced tariffs on thirteen product categories that directly benefit U.S. exporters, he explained, adding that the leadership in Vietnam has also pledged to facilitate the purchase of more American products.

"I support the removal of all trade barriers between our two nations game bet88 believe that by opening its market to more U.S. goods game bet88 services, Vietnam can help to rectify the trade imbalance between the two countries in a manner that benefits both countries," the AmCham representative said.

Vietnam has developed into one of America's fastest growing export markets game bet88 as the middle class in the country grows, there are great opportunities for U.S. agriculture, aircraft, energy, equipment, medicines, technology, game bet88 many other sectors that create wealth game bet88 jobs in the United States. There is so much to gain from a strong bilateral commercial relationship, according to Mr. Sitkoff.

Regarding the U.S. Administration's imposition of reciprocal tariff on Vietnam, he shared: "I am disappointed by the U.S. President's decision to impose a 46 per cent tariff on U.S. imports from Vietnam."

He expressed his belief that lower tariffs for products coming into Vietnam, game bet88 for products reaching the American consumer is what will help U.S. companies, the economy, game bet88 consumers. Higher tariffs will not.

AmCham's leaders met with Deputy Prime Minister Ho Duc Phoc before his trip to the US. AmCham game bet88 the Viet Nam Chamber of Commerce game bet88 Industry (VCCI) sent a joint letter of concern to the U.S. Secretary of Commerce asking for a delay in the tariff implementation.

AmCham has held discussions with many U.S. businesses, game bet88 have also reached out to other major exporters such as Korean companies operating in Vietnam.

"We will continue both formal game bet88 informal engagement with the U.S. government game bet88 do our best to mitigate the impact of the new U.S. policy on trade game bet88 investment here,” Mr. Sitkoff said.

As soon as the tariffs were announced, Vietnam's government took action by convening discussions to assess the impact of the new policy, as well as reaching out to the Trump Administration to seek an implementation delay of the tariffs.

Mr. Sitkoff hailed Party General Secretary To Lam's phone conversation with President Trump, which is useful.

He suggested Vietnam improve market access for U.S. products game bet88 make doing business easier for U.S. investors in the country.

"I very much hope to see the two governments create a constructive program to help reduce the U.S.'s trade deficit with Vietnam in a way that boosts living standards game bet88 creates prosperity in both countries,” the AmCham representative said.