(VOVWORLD) -Vietnam has been making efforts to boost reciprocal tariff negotiations with the US, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said, adding that in October and November, the Vietnamese negotiators will travel to the US to come forward with finalizing the reciprocal trade deal.
At a regular press conference on Wednesday in Hanoi, Mr. Tan emphasized the negotiation principles of openness, constructiveness, equality, respect for independence, autonomy, political institutions, mutual benefit, and consideration of each other's development level.
He said the two sides will strive to ramp up their economic, trade and investment relations toward stability and harmonized interests, commensurate with the Vietnam-US Comprehensive Strategic Partnership.
In addition, the Ministry of Industry and Trade will focus on concluding the negotiations of two Free Trade Agreements (FTAs) between Vietnam and the South American Common Market (Mercosur) and the Gulf Cooperation Council (GCC) in the fourth quarter of this year.
Vietnam is also pushing for the early initiation of negotiations with Pakistan to expand opportunities in export markets; and early conclusion of FTA negotiations between Vietnam and the European Free Trade Association (EFTA) this year.