TRADE WITH VIETNAM
Vietnam has already eliminated many non-tariff barriers under the 2001 United States-vietnam Bilateral Trade Agreement (BTA) and through its accession to the WTO. It implemented the 2006 Customs law (WTO Customs Valuation Agreement), significantly improving its customs valuation process. Import rights are granted to all goods except certain product categories like weaponry, ammunition, military technical equipment, types of publications and cultural products, etc.
Vietnam has 6 regional FTAS signed as a member of ASEAN, including ASEAN Free Trade Area (AFTA), five FTAS with China, Japan, South Korea, India, Australia and New Zealand, and 4 bilateral FTAS with Chile, Japan, South Korea and the Eurasia Economic Union (EAEU). EU is also one of the most important trade partners of Vietnam, and the Eu-vietnam FTA plays an important role in this partnership. All these FTAS make Vietnam an attractive location for foreign investments.