3. Trade Policy
3.1 WTO
Vietnam became the 150th member of the World Trade Organization in January of 2007. It
has committed to reduce tariffs on many consumer-oriented products, beverages, and
agricultural goods.33
3.2 Bilateral Trade Agreements
3.2.1 U.S.–Vietnam
This agreement went into effect in 2001. The main objective of this agreement is to open
Vietnamese markets, promote reform and trade, and to eliminate non-tariff barriers to U.S.
exports.
3.2.2 Vietnam–EU
The negotiations for the agreement began in March of 2010.