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Reduction in tariffs on U.S. Agriculture Products to Vietnam to be implemented soon

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    Reduction in tariffs on U.S. Agriculture Products to Vietnam to be implemented soon

    As part of a strategic agreement between the United States and Vietnam, Vietnam has agreed to eliminate or reduce tariffs on U.S. corn, wheat and pork products. The reduction in tariffs aims to significantly lower the price of consumer goods in Vietnam while effectively opening business opportunities for U.S. farmers in multiple agricultural markets. These changes are expected to allow U.S. farmers to offer competitively priced quality goods to Vietnam, a country that currently ranks as the seventh-largest market for U.S. agricultural exports.

    Although the Biden Administration did not offer further details regarding product coverage or the immediacy of this policy’s implementation, this is a change industry groups have urged U.S. Trade Representative Katherine Tai to consider for many months. In a letter to Representative Tai earlier this year, lawmakers and industry groups remarked that the U.S. pork industry has scarcely taken advantage of the export potential available in Vietnam. The U.S. wheat industry is also anticipating an increased export potential to Vietnam amid the recently announced agreement.

    Counties believe we can enhance the competitive position of U.S. agriculture in world markets by removing certain barriers to trade in foreign markets and terminating subsidies by foreign competitors.

    As part of a strategic agreement between the United States and Vietnam, Vietnam has agreed to eliminate or reduce tariffs on U.S. corn, wheat and pork products.
    2021-08-27
    Blog
    2021-08-27
The reduction in tariffs aim to significantly lower prices for consumer goods in Vietnam while effectively opening business opportunities for U.S. farmers in multiple agricultural markets These changes are expected to allow U.S. farmers to offer competitively priced quality goods to Vietnam Counties believe the competitive position of U.S. agriculture in world markets would be enhanced by removing certain barriers to trade in foreign markets and by the termination of subsidies by foreign competitors

As part of a strategic agreement between the United States and Vietnam, Vietnam has agreed to eliminate or reduce tariffs on U.S. corn, wheat and pork products. The reduction in tariffs aims to significantly lower the price of consumer goods in Vietnam while effectively opening business opportunities for U.S. farmers in multiple agricultural markets. These changes are expected to allow U.S. farmers to offer competitively priced quality goods to Vietnam, a country that currently ranks as the seventh-largest market for U.S. agricultural exports.

Although the Biden Administration did not offer further details regarding product coverage or the immediacy of this policy’s implementation, this is a change industry groups have urged U.S. Trade Representative Katherine Tai to consider for many months. In a letter to Representative Tai earlier this year, lawmakers and industry groups remarked that the U.S. pork industry has scarcely taken advantage of the export potential available in Vietnam. The U.S. wheat industry is also anticipating an increased export potential to Vietnam amid the recently announced agreement.

Counties believe we can enhance the competitive position of U.S. agriculture in world markets by removing certain barriers to trade in foreign markets and terminating subsidies by foreign competitors.

About Adam Pugh (Full Bio)

Associate Legislative Director – Agriculture and Rural Affairs | Environment, Energy and Land Use

Adam serves as NACo's Associate Legislative Director for both Agriculture and Rural Affairs and Environment, Energy and Land Use. In this role, he works with county officials across the nation to set NACo's priorities and policies for agriculture and rural affairs, and environment, energy, and land use issues that affect local governments.

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