Interviews
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
US Senate opens the door to WTO
02 Aug '06
1 min read
Senate Finance Committee has approved to clear the way for Vietnam's entry into the World Trade Organization.
Vietnam and the US accomplished negotiations for that country to join the WTO, and an annual review of that country's tariff rights violates WTO rules.
The House committee has not yet considered the Vietnam measure.
Vietnam's terms for joining the WTO is opposed by many US textile producers as well as lawmakers concerned about religious freedom in the Southeast Asian nation.
The panel also voted in favor of a free-trade agreement with Peru in a procedural vote.
A US-Peruvian agreement to end trade tariffs between the two nations would boost US exports by US $1.1 billion a year, with the sales of chemicals, machinery and wheat.
A full Senate vote on both measures is likely in September 2006.
Vietnam and the US accomplished negotiations for that country to join the WTO, and an annual review of that country's tariff rights violates WTO rules.
The House committee has not yet considered the Vietnam measure.
Vietnam's terms for joining the WTO is opposed by many US textile producers as well as lawmakers concerned about religious freedom in the Southeast Asian nation.
The panel also voted in favor of a free-trade agreement with Peru in a procedural vote.
A US-Peruvian agreement to end trade tariffs between the two nations would boost US exports by US $1.1 billion a year, with the sales of chemicals, machinery and wheat.
A full Senate vote on both measures is likely in September 2006.
Fibre2fashion, News Desk - Vietnam
Popular News
Leave your Comments
Editor’s Pick
Folker Stachetzki
Brother Internationale Industriemaschinen GmbH
Pratik Gadia
The Yarn Bazaar - Filosha Infotech Private Limited
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
