Ministry of Industry and Trade informs about the first day of tariff negotiations with the US

According to information from the Ministry of Industry and Trade, from May 19 to 22 in the US, the Vietnamese negotiation delegation led by Minister of Industry and Trade, Head of the Government Negotiation Delegation Nguyen Hong Dien began negotiation sessions with the US side.

The second round of negotiations on the bilateral reciprocal trade agreement between Vietnam and the US began on May 19 in Washington DC - Photo: Moitt.govv.vn

The negotiating delegation members include representatives from ministries and branches: Public Security, Foreign Affairs , Finance, Construction, Home Affairs, Agriculture and Environment, Science and Technology, Justice and the State Bank.

According to the agreed plan, the second negotiation session of the Bilateral Agreement on Reciprocal Trade between Vietnam and the US was held in Washington DC.

On May 19 (local time), the first day of the negotiation session, the Vietnamese and US negotiating delegations spent time discussing related contents and taking a comprehensive approach to resolve basic issues of mutual concern and speed up the negotiation process.

The two sides also exchanged openly, frankly and constructively on groups of issues of mutual concern in the direction of clarifying the contents of the agreement text. From there, they provided each other with information on each side's current policies to have a basis for implementing the next work.

On the same day, Minister Nguyen Hong Dien worked with Westinghouse Corporation - one of the world's leading corporations in nuclear power technology.

At the meeting, Minister Nguyen Hong Dien said that Vietnam has a policy to restart the nuclear power program to ensure energy security in the context of high electricity demand and unstable renewable energy.

The Minister stressed that Vietnam will take a cautious, modern and practical approach. The Minister shared that Vietnam currently has many potential locations to develop nuclear power.

This is the basis for promoting cooperation with international partners such as Westinghouse, including large-scale and small-scale nuclear power projects (SMR). Mr. Dien affirmed that cooperation in energy development will also be an important driving force contributing to balancing the bilateral trade balance.

Westinghouse Vice President Margaret Cosentino expressed strong support for Vietnam's plan, while emphasizing the importance of long-term energy cooperation.

The two sides agreed to share information and move towards signing a MOU between Westinghouse and the Vietnam National Energy Industry Group ( Petrovietnam ) in the field of nuclear power development, continuing to promote cooperation, especially in key areas such as developing energy infrastructure investment models (PPP, BOT), technology transfer as well as training and developing technical human resources to serve the nuclear power industry.

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