Potential Trade Effects of Adding Vietnam to the Generalized System of Preferences Program

Abstract

In May 2008, Vietnam formally requested to be added to the U.S. Generalized System of Preferences (GSP) program as a "developing country." On June 20, 2008, the office of the U.S. Trade Representative (USTR) announced that it was initiating a formal review of Vietnam's eligibility for GSP benefits and would accept public comments on the application until August 4, 2008. Vietnam has already been accepted into several other developed-country GSP programs around the world, including Canada, the European Union (EU), and Japan. The GSP statute provides the President with the authority to designate any country a beneficiary developing country, provided the country complies with various trade policy and labor conditions. Congress does not need to act to approve GSP status for Vietnam. The President is, however, required to notify Congress of his intention. The inclusion of Vietnam into the GSP program is generally viewed as another step in the development of closer bilateral relations.

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Document Details

Document Type
Technical Report
Publication Date
Oct 09, 2008
Accession Number
ADA488786

Entities

People

  • Michael F. Martin
  • Vivian C. Jones

Organizations

  • Library of Congress

Tags

Communities of Interest

  • Energy and Power Technologies
  • Human Systems

DTIC Thesaurus Topics

  • Agreements
  • Commerce
  • Communist Countries
  • Congress
  • Economic Development
  • Economic Systems
  • European Union
  • Governments
  • Intellectual Property
  • International Organizations
  • International Trade
  • Investments
  • Labor Unions
  • Law
  • Political Systems
  • Trade Policy
  • United States

Fields of Study

  • Political science

Readers

  • Defense Acquisition Program Management
  • East Asian Political and Security Studies within the Soviet Union
  • International Relations and European Studies