The agreement took effect after officials exchanged letters in Washington. It extended U.S. normal trade relations to Vietnam and reduced tariffs, increasing trade while requiring reforms in areas such as services and intellectual property. Market opening was consequential for both countries, but benefits and adjustment costs were uneven.
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Eventonan Relashoná
What did the BTA do on 10 December 2001?
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Splikashon
The agreement entered into force after the exchange of implementation letters.