The MOU takes effect immediately, has an initial life of three years, and is subject to revision and renewal, contingent upon the approval of both nations.
The United States and Vietnam have a strong and growing trade relationship that has greatly accelerated in recent years. Since signing of the United States-Vietnam Bilateral Trade Agreement in 2001, commerce between the two nations has increased eight-fold, fueled, in part, by the agriculture and aquaculture sectors. Two-way trade exceeded $12.5 billion in 2007, according to the Foreign-Trade Division of the Census Bureau within the U.S. Department of Commerce.
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Import safety continues to be a key priority for HHS. As the signing ceremony took place in Washington, Secretary Leavitt participated in a day-long product safety forum in El Salvador with government officials and business leaders from the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Costa Rica and Panama. The forum is part of the Secretary's week-long trip to Mexico, El Salvador, Nicaragua and Panama to strengthen efforts to improve the safety of products and to advance joint programs to improve health care in the region.
More information on Import Safety at www.importsafety.gov
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