Wednesday, January 03, 2007

Bush Grants Permanent Normal Trade to Vietnam

HANOI, Jan 3 Asia Pulse - US President George W Bush on December 29 signed a proclamation whereby the US formally extended full and normal trade relations with Vietnam and cleared the way for Vietnam to qualify for US military aid.

Bush lifted the trade restrictions that have been imposed on Vietnam under the so-called Jackson-Vanik Amendment since 1974.

"The US welcomes Vietnam's progress in enacting free market reforms, and looks forward to Vietnam becoming the 150th member of the World Trade Organisation on January 11," said White House spokesman Scott Stanzel.

In a memo to US Secretary of State Condoleezza Rice, Bush declared that the furnishing of defence materials and services to Vietnam would strengthen the security of the US and promote world peace.


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