The United States and Vietnam have reached agreement in principle on bilateral terms that will enable Vietnam to join the World Trade Organization (WTO).
“Expanding the realm of free trade is always a net positive,” says Marc Lackritz, president of the Securities Industry Association (SIA) in New York. “This deal will help deliver to both nations economic growth, improved access to markets and new consumers. Importantly, this deal will provide the securities industry and their clients with expanded access to this market. The US Treasury Department and their Vietnamese counterparts deserve praise for their efforts.”