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Author Question: Vietnam received the Permanent-Normal-Trade-Relations (PNTR) Status, which means it will be subject ... (Read 36 times)

mp14

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on: Jun 29, 2018
Vietnam received the Permanent-Normal-Trade-Relations (PNTR) Status, which means it will be subject to the same customs and tariffs as other PNTR countries.
 
 Indicate whether the statement is true or false

Question 2

The U.S. government supports countertrade for the sale of weapons and aircraft.
 
 Indicate whether the statement is true or false


emily12345

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Reply #1 on: Jun 29, 2018
Answer to Question 1

T
In 2007, Vietnam received the PNTR status, which means that Vietnam will be subject to the same customs and minimal tariff treatment as other PNTR countries. This also means that trade and investment in Vietnam are likely to grow rapidly.

Answer to Question 2

T
Countertrade constitutes the key form of trade internationally for defense equipment and for agricultural surplus. For this reason, the U.S. government supports countertrade for the sale of weapons and aircraft.


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