On April 8, at the Government headquarters, Party Central Committee member and Deputy Prime Minister Bui Thanh Son chaired a meeting of the Working Group on strengthening cooperation and proactively adapting to adjustments to US economic and trade policies.
At the meeting, members of the Working Group updated the situation with new developments and discussed solutions after the US side announced the imposition of countervailing tax rates on goods from many countries, including Vietnam.
After listening to the opinions of ministries, branches and agencies, Deputy Prime Minister Bui Thanh Son suggested that members of the Working Group continue to perform well the assigned tasks.
Continue diplomatic measures through different channels to influence US agencies to find solutions suitable to Vietnam's conditions and circumstances and the Comprehensive Strategic Partnership between the two countries.
Regarding taxes, the Deputy Prime Minister assigned the Ministry of Finance to continue reviewing and finalizing the plan to reduce import taxes.
Regarding non-tax issues, ministries and branches should review legal regulations and any unreasonable content, including those for Vietnamese enterprises, and consider eliminating them or propose to competent authorities to eliminate them.
Regarding the origin of goods, the Deputy Prime Minister requested the Ministry of Industry and Trade to review and strictly control the origin of goods, not to let unfortunate incidents happen; the Ministry of Finance increased customs information exchange with the US side on trade defense and tax evasion measures.
Regarding the issue of copyright and intellectual property, the Deputy Prime Minister assigned the Ministry of Science and Technology to review legal regulations and address US concerns.
The Ministry of Finance coordinates with ministries and branches in developing bilateral agreements with the US towards upgrading the bilateral trade agreement (BTA), including adding content on tax and intellectual property.
Regarding business support, the Deputy Prime Minister assigned the Ministry of Finance to develop a comprehensive plan to support businesses.
The Ministry of Industry and Trade will increase promotion and dissemination of the contents of 17 free trade agreements, further promote trade to new markets and support businesses to adapt to new markets, promptly inform businesses about the policies of export markets.
