tailieunhanh - U.S. clothing imports from Vietnam: Trade policies and performance

The liberalization of . trade policy towards Vietnam raised concerns about possible dumping by Vietnamese clothing exporters. Some members of Congress and . clothing and textiles companies argued that a surge in Vietnamese imports may harm the . clothing and textile industry. | Order Code RL34262 . Clothing Imports from Vietnam Trade Policies and Performance November 27 2007 Michael F. Martin Analyst in Asian Trade and Finance Foreign Affairs Defense and Trade Division . Clothing Imports from Vietnam Trade Policies and Performance Summary . clothing imports from Vietnam grew from virtually nothing in 2000 to billion in 2006. Vietnam was the 5th largest source of clothing imports for the United States in 2006 behind in order China Mexico Indonesia and India. Much of that growth was the result of the gradual liberalization of . trade policy towards Vietnam. Although the United States terminated its trade embargo on Vietnam in 1994 trade initially remained low because Vietnam did not have normal trade relations NTR status. The signing of a bilateral trade agreement in July 2000 allowed President Clinton to grant Vietnam temporary NTR status in December 2001 leading to a sharp increase in . imports from Vietnam including clothing. The rise in Vietnamese clothing imports led to the United States to push Vietnam into a bilateral textile agreement in 2003 that set quantity quotas on the import of selected clothing items. The bilateral textile agreement remained in effect until the United States granted Vietnam permanent NTR status on December 20 2006 as part of its accession into the World Trade Organization WTO . The liberalization of . trade policy towards Vietnam raised concerns about possible dumping by Vietnamese clothing exporters. Some members of Congress and . clothing and textiles companies argued that a surge in Vietnamese imports may harm the . clothing and textile industry. In part to secure Senate passage of permanent NTR status for Vietnam the Bush Administration agreed to establish a monitoring program for selected clothing imports from Vietnam. From its inception there have been questions about the legality and effectiveness of the monitoring program. On October 26 2007 the Department of Commerce DOC .