Joint Statement on United States-Vietnam Framework for an Agreement on Reciprocal, Fair, and Balanced Trade
The United States of America (the United States) and the Socialist Republic of Viet Nam (Viet Nam) have agreed to a Framework for an Agreement on Reciprocal, Fair, and Balanced Trade to strengthen our bilateral economic relationship, which will provide both countries’ exporters unprecedented access to each other’s mark
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The United States of America (the United States) and the Socialist Republic of Viet Nam (Viet Nam) have agreed to a Framework for an Agreement on Reciprocal, Fair, and Balanced Trade to strengthen our bilateral economic relationship, which will provide both countries’ exporters unprecedented access to each other’s markets. The Agreement on Reciprocal, Fair, and Balanced Trade will build upon our longstanding economic relationship, including the U.S.-Viet Nam Bilateral Trade Agreement signed in 2000 that entered into force in 2001.
Key terms of the Agreement on Reciprocal, Fair, and Balanced Trade between the United States and Viet Nam will include:
Viet Nam will provide preferential market access for substantially all U.S. industrial and agricultural exports to Viet Nam.
The United States will maintain at 20 percent the reciprocal tariffs, as set forth in Executive Order 14257 of April 2, 2025, as amended, on originating goods of Viet Nam, and will also identify products from the list set out in Annex III to Executive Order 14346 of September 5, 2025, Potential Tariff Adjustments for Aligned Partners, to receive a zero percent reciprocal tariff rate.
The United States and Viet Nam will work constructively in an effort to address both countries’ interests in non-tariff barriers that affect bilateral trade in priority areas.