China PNTR vs. Vietnam BTA

China PNTR

  • Resulted from China's agreement to enter the World Trade Organization, taking on the comprehensive multilateral obligations and concessions required of WTO members.
  • Congress voted to grant permanent normal trade relations to China once it enters the WTO. The President would no longer have to renew China's normal trade status annually.
  • Agreement on China's WTO entry covered the entire range of WTO obligations in goods, services, intellectual property, and dispute settlement.
  • The 1979 U.S.-China Bilateral Trade Agreement was less than 6 pages.

Vietnam BTA

  • Is a bilateral agreement between the U.S. and Vietnam, analogous not to China's WTO agreement but rather to the 1979 U.S.-China bilateral trade agreement.
  • Congress will be voting on whether to grant conditional normal trade relations, subject to annual renewal by the President and a possible resolution of disapproval by Congress.
  • Agreement lays groundwork for future negotiations on Vietnam's WTO entry by covering many of these areas, but it is not a WTO accession agreement.
  • The 2000 U.S.-Vietnam Bilateral Trade Agreement is 138 pages, and is the most comprehensive such bilateral agreement ever reached.

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Hanoi
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Hanoi, Vietnam
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Fax: 844-3-936-1701