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The United States is largest agricultural trading partner with Vietnam that does not have an FTA with Vietnam. The MFN tariff rates that apply to U.S. agricultural products are substantially higher than those stipulated in Vietnam’s many FTAs.
Vietnam, Thailand, and Burma (Myanmar) are part of the fastest developing region in the world and account for roughly 221 million of Southeast Asia’s population.
Free Trade Agreements (FTAs) help expand foreign markets for U.S. producers and exporters by reducing trade barriers, fostering a more stable and transparent environment for trade and investment...