Essay: Economic Performance

Sample Essay

The United States and Vietnam signed a Bilateral Trade Agreement which allowed the two countries in the year 2001 which allowed the overall relations between the two countries to improve and was considered a milestone by many. The trade level after this agreement resulted in a huge expansion in the trade levels as by the year 2007, the amount that was being traded accumulated to 12.5 billion dollars in the year 2007, a he rise from the 2.91 billion dollars trade amount in the year 2002.

As a result of this agreement, the trade regime of Vietnam entirely changed as this included provisions on goods and services, enforcement of intellectual rights and therefore, it allowed Vietnam to be given an entry into the World Trade Organization. Vietnam was given unconditional normal trade relations with the united states after an agreement with the then President of the USA; President Bush.

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