United States And Vietnam Seek Trade Liberalization
By James A. Morrissey, Washington Correspondent
Meanwhile, the US Department of Commerce has further refined its textile and apparel monitoring program for Vietnam, which the Bush administration agreed to in order to get congressional support for granting permanent normal trade relations status to Vietnam. The program initially will cover five “sensitive” product categories: trousers, shirts, underwear, swimwear; and sweaters. Other products can be added to or subtracted from that list as import data warrant. If surges or illegal imports are detected, import quotas could be imposed on Vietnamese imports. In addition, Vietnam has initiated a licensing program covering the sensitive products. It will require exporters to provide information on quantities and prices for exports in order to safeguard against sudden surges that could result in dumping charges. The Commerce Department says it welcomes comments and suggestions and has created a monitoring website, www.otexa.ita.doc.gov/vn.htm.
March 20, 2007