US senators withdraw holds on Viet Nam PNTR bill
The move was made after the two senator received the US government's commitment that it will work to ensure that the US textile industry is not harmed by Viet Nam's accession into the World Trade Organisation (WTO).
On May 31, the US formalised an agreement that would pay the way for Viet Nam to formally join the 149-member WTO. Dole and Graham placed holds on the legislation that would authorise the US President to grant PNTR status to Viet Nam, which would pave the way for Viet Nam to join the WTO.
The US government has now agreed to monitor textile and apparel imports from Viet Nam, and launch antidumping investigations if there is evidence of dumping, in a deal reached with Senators Dole and Graham, the Congress Daily PM reported.
According to a Sept. 28 letter to Dole and Graham from US Trade Representative (USTR) Susan Schwab and Commerce Secretary Carlos Gutierrez, obtained by Congress Daily, the US Commerce Department will monitor textile and apparel imports from Viet Nam and release data collected to the public on a monthly basis.
The monitoring programme will begin upon Viet Nam's formal accession to the WTO, according to a USTR spokeswoman. Industry sources said the monitoring programme is unprecedented, as the Commerce Department does not currently monitor textile and apparel imports from any country to the degree they have promised for Viet Nam. (VNA)
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