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Vietnam, US Look to Finalize Reciprocal Trade Agreement Soon

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Vietnam and the US are working together to finalize a reciprocal trade agreement, Vietnamese Prime Minister Le Minh Hung said during a reception for Deputy U.S. Trade Representative Ambassador Rick Switzer in Ha Noi on Wednesday.

Le emphasized that Vietnam does not pursue a policy of overcapacity and firms in the country operate under market principles, according to a statement on the Vietnam Government's website.

Le stressed on the strict prohibition of all forms of forced labor under Vietnamese law, as well as the strict handling of intellectual property right violations as a national priority.

He went on to term the two nations' economies as complementary rather than directly competitive.

Switzer also underscored the importance of a reciprocal trade agreement between the two countries.

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