US defers action on Vietnam over Section 301 investigation

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The place of work of the US Trade Representative (USTR) not long ago issued findings in the Part 301 investigation of Vietnam’s acts, policies and techniques relevant to currency valuation, concluding that individuals, which include too much international trade industry interventions and other relevant actions, taken in their totality, are unreasonable and stress or restrict US commerce.

USTR is not getting any certain actions in relationship with the findings now but will continue on to examine all readily available choices, it reported in a press release.

USTR consulted the office of the treasury on this. The findings had been supported by a extensive report produced by USTR on its web-site.

“Unfair acts, policies and techniques that add to currency undervaluation hurt US personnel and businesses, and will need to be resolved,” reported USTR Robert E Lighthizer in a assertion. “I hope that the United States and Vietnam can find a path for addressing our problems.”

The Part 301 investigation was initiated in October past year.

Fibre2Fashion Information Desk (DS)

The place of work of the US Trade Representative not long ago issued findings in the Part 301 investigation of Vietnam’s acts, policies and techniques relevant to currency valuation, concluding that individuals, which include too much international trade industry interventions and other relevant actions, taken in their totality, are unreasonable and stress or restrict US commerce.