The governments announced an agreement in principle on bilateral market access, a step toward Vietnam’s WTO accession and U.S. congressional consideration of permanent normal trade relations. The negotiations reflected Vietnam’s effort to enter global institutions while accepting rules affecting tariffs, services, and domestic regulation.
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What did the May 2006 U.S.–Vietnam market-access agreement support?
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Explanation
The bilateral market-access agreement was part of the WTO accession process.
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