Image:US and Vietnamese Trade Agreement.pdf

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Author: Tai Van Ta On July 13, 2000, in remarks from the South Lawn of the White House, President Clinton hailed the signing of a trade agreement between the United States and Vietnam as "another historic step in the process of normalization, reconciliation and healing between our two nations." In November 2000, he became the first sitting U.S. President to visit Vietnam since President Nixon arrived in South Vietnam more than 30 years ago. By making this visit, Clinton will be likely to go down in history as the U.S. president to have closed the last symbolic chapter of the Vietnam War. Moreover, with the U.S.-Vietnam trade agreement signed after the U.S.-China trade agreement, he will leave a legacy of expanding relations with two large communist countries, facilitating China's and Vietnam's eventual admission into the World Trade Organization and integration into the world community. This article will illuminate: 1) how the U.S.-Vietnam Trade Agreement developed as a logical step in the context of American-Vietnamese relations; 2) how its provisions promote American interest; 3) how its provisions promote Vietnamese interest and simultaneously force Vietnam to face up to its economic weaknesses; 4) why Vietnam was postponing its signing of the Agreement for nearly a year and 5) prospect for implementation of the Agreement.

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