The trade relations between the US and Vietnam in 2012 remained in the spotlight despite the two countries’ economic difficulties.
In 2012, the two-way trade turnover slowly increased, only 15- 16% over the last year, but the US still remained Vietnam’s largest export market. In 2012, the two-way trade turnover was expected to reach around 22.3 – 24 billion dollars. Vietnam’s exports to the US accounted for 17.9 billion dollars and its imports from this market was 4.4 billion dollars in the first 11 months of 2012.
The year of 2012 marked ten years since the first trade dispute between the two countries related to Vietnam’s Basa. Late 2012, the US also sued and investigated the dumping of some products imported from Vietnam, such as wind turbine towers and garment hangers . In March 2012, the US Department of Commerce (DOC) announced the seventh final results of administrative review (POR7) on anti-dumping tax on Vietnam Tra fillets imported from Vietnam which chose Bangladesh as the surrogate country in calculating the anti-dumping margin.
In 2012, Vietnam, the US and other countries finished the 15th round of Trans-Pacific Partnership (TPP) negotiations and America strived to promote the early signing of this agreement.
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