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GSP for VietnamViet Tran Vietnam Trade Office Business Community Meeting, Washington DC, May 2008... Why GSP• Benefits for Vietnam: – Duty free access for eligible products.. businesses

U.S GSP for Vietnam

Viet Tran Vietnam Trade Office Business Community Meeting, Washington DC, May 2008

U.S GSP Program

• Temporary duty free access to the U.S

market for certain products from qualified developing countries – enacted in 1974.

• 140 beneficiary developing

countries/territories (BDCs).

• Administered by USTR.

• Designation proclaimed, withdrawn,

suspended or limited by the President.

• Expires on 12/31/2008, yet likely to be

extended.

Why GSP

• Benefits for Vietnam:

– Duty free access for eligible products

– Strengthen business and investment environment

• U.S businesses can benefit too:

– GSP-eligible products include most dutiable

manufactures and semi-manufactures, and selected

agricultural, fishery, and primary industrial products => sourcing from Vietnam more easily, plus providing

related services

– Cumulation among ASEAN BDCs to meet the 35% rule-of-origin requirement

– Strengthen your ties with Vietnam and enhance your current position in Vietnam

– Another channel of dialogue on bilateral trade and

economic relations; further promoting reforms in the business and investment environment in Vietnam

How to get GSP

• The criteria:

– Mandatory.

– Discretionary.

• The process:

– The timing: BTA, WTO, TIFA, and now GSP – Have formally presented the request to USTR – To focus on getting support of the U.S

business community, Congress, and GSP

Subcommittee members.

– Federal Register notice seeking public

comment on the request.

The criteria: the case for Vietnam

• Vietnam receives U.S PNTR, and is a member of both WTO

and IMF

• Vietnam does not and would not take any actions to withhold

or disrupt commodity trade

• Vietnam does not give preferential treatment to products of

any developed country

• U.S investors are fully protected in Vietnam

• As a member of New York Convention and soon to be member

of ICSID, Vietnam respects arbitral awards

• Vietnam has been a strong supporter of U.S – and global –

efforts to eliminate terrorism

• Vietnam has been taking significant steps to afford

internationally recognized worker rights, ratifying and

implementing fundamental conventions of the ILO, particularly ILO Convention No 182 on the worst forms of child labor

• Vietnam has a record of continuing progress to achieve

effective IPR protection

• Finally, all of the other major developed countries extend GSP

to products of Vietnam This includes the EU, Canada, Japan, Australia and others

Your support and guidance

• Support and provide guidance to us in

assuring that the U.S Administration acts positively and promptly on our request.

• Respond in support of Vietnam to the

Federal Register notice seeking public

comment on our request.

• Let your Members of Congress know that

it is a good thing to add Vietnam to the

GSP Program.

• Let us know if you have any concerns or advice related to this issue.

Q & A

Vietnam Trade Office in Washington D.C.

1730 M Street, N.W., # 501, Washington D.C., 20036

Tel: 463-9425, 463-9426, 463-9428

Fax: (202)-463-9439

Vietnam Trade Office in San Francisco

100 Pine Street Suite 605 San Francisco CA 94109 Tel: 415-989 1194/ 989 1197; Fax: 415-989 1197

Vietrade New York

7 West 36 Street, # 600, New York, N.Y., 10018

Tel: (212) 868-2686, (212) 868-2688; Fax: (212) 868-2687

THANK YOU!