Washington, DC – The National Foreign Trade Council today issued a statement urging Congress to pass legislation aimed at providing Permanent Normal Trade Relations (PNTR) treatment to Vietnam, following a Senate Finance Committee hearing held this morning.
“Providing PNTR to Vietnam will enable the United States to receive the full benefits of Vietnam’s WTO market-opening and rules commitments upon Vietnam‘s accession to the WTO,” said NFTC President Bill Reinsch. “Vietnam’s WTO accession is a major step towards the fuller integration of Vietnam into the world trading system and PNTR would be a capstone to the steady progress by our two countries to fully normalize our bilateral relationship.”
“We urge prompt Congressional approval of the Senate bill (S.3495) and its counterpart legislation in the House as soon as possible. It is vital for continued growth in trade with Vietnam, it is important strategically, and it will provide a solid basis on which to deepen the U.S.-Vietnam economic and trade partnership,” concluded Reinsch.
Advancing Global Commerce for Over 90 Years
The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.