On the sidelines of the 13th Finance Ministers’ Meeting (FMM13) in
Many questions raised by students focused on the approval of PNTR status for
Mr Paulson said many people in the world have opposed the trade liberalisation process. Therefore, it is not easy to reach a consensus on trade agreements as there remains opposite points of views. Nothing is more important than bringing benefits to the global economy and helping people build a vision towards trade and economic liberalisation, stressed Mr Paulson.
Regarding benefits when
*** The US House of Representatives should vote on permanent normal trade relations (PNTR) status for Vietnam before President George W. Bush visits the country in mid-November, Radio RFI, the BBC and the Voice of America commented on September 6.
The Washington-Hanoi trade pact paving the way for Vietnam to enjoy PNTR and join the World Trade Organisation has required Vietnam to open the door for US businesses to access the agricultural market, manufacturing industry, services, banking and telecommunication. However, the US will have to remove quotas for Vietnamese garment and textile products.
House Majority Leader John Boehner said on September 5 that the House might wait until the week after the November 7 congressional elections to vote on PNTR status for Vietnam. It will be 10 days before President George Bush leaves for Vietnam to attend the APEC meeting.
According to observers, PNTR status for Vietnam will be voted by both the House of Representatives and the Senate. Though the House of Representatives may delay to vote in November, the Senate can vote but the final vote is scheduled for September.
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