U.S. AID FOR TRADE
Download
1 / 12

U.S. AID FOR TRADE Vietnam STAR Project - PowerPoint PPT Presentation


  • 85 Views
  • Uploaded on

U.S. AID FOR TRADE Vietnam STAR Project. Walter North Director USAID Mission, Jakarta. June 14, 2011 Jakarta, Indonesia. STAR Support for U.S. - Vietnam Bilateral Trade Agreement. U.S.-Vietnam BTA entered into force in December 2001

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' U.S. AID FOR TRADE Vietnam STAR Project' - hyatt-rice


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

U.S. AID FOR TRADEVietnam STAR Project

Walter North

Director

USAID Mission, Jakarta

June 14, 2011

Jakarta, Indonesia


Star support for u s vietnam bilateral trade agreement
STAR Support for U.S. - Vietnam Bilateral Trade Agreement

  • U.S.-Vietnam BTA entered into force in December 2001

  • Contains comprehensive requirements related to: trade in goods and services, IPR, commercial law and dispute settlement, transparency, business facilitation, and investment

  • STAR program has achieved significant results in supporting the Government’s trade reform agenda

    • Modernizing legal and regulatory framework

    • Adopting internationally accepted standards

    • Strengthening institutional and human capacity and streamline administrative procedures

  • STAR supported trainings, activities and reforms that created a better business enabling environment leading to greater economic growth


Key factors for success
Key Factors for Success

  • Aid for Trade is a complement to trade liberalization

  • Aid for Trade works best when host government is committed to the project

  • U.S. Aid for Trade priorities are demand-driven and developed primarily through USAID bilateral missions



Improvements in legal and economic policy environment supported by star
Improvements in Legal and Economic Policy Environment Supported by STAR

  • Reform laws and regulations

  • Increased judicial independence

  • Strengthened National Assembly

  • Strengthened institutional capacity

  • Training GVN officials and business leaders

“A variety of factors were responsible for the changes in trade and investment patterns, but a sound and predictable legal framework is one of the most important considerations.”(Support for Trade Acceleration II Project [USAID STAR II]) (October 30, 2010)


Star supported trade specific reforms
STAR Supported Trade-Specific Reforms Supported by STAR

  • Develop approx. 75 laws/regulations related to trade liberalization needed to implement BTA in areas including IPR, standards, and investment

  • Provide research on bilateral investment treaties

  • Build institutional capacity related to TBT and SPS

  • Train government officials and private sector on trade remedies

  • Develop online tariff database for GVN Customs

  • Trained approximately 1,000 faculty members on fundamentals of WTO law and economics of international trade


Trade and investment impacts
Trade and Investment Impacts Supported by STAR

  • U.S.-Vietnam trade accelerates significantly:

    • U.S. has become largest market for Vietnamese exports

    • Vietnam has become a solidly growing market for U.S. exports

  • FDI has expanded dramatically

    • U.S. has become one of Vietnam’s largest suppliers of investment

“The striking expansion in economic activity between the two countries translated the BTA’s policy and legal changes into economic reality.”(Supporting Vietnam’s Legal and Governance Transformation (USAID, February 2008))


Growth in u s vietnam trade
Growth in U.S.-Vietnam Trade Supported by STAR


Growth in u s vietnam trade1
Growth in U.S.-Vietnam Trade Supported by STAR


Foreign Direct Investment in Vietnam Expands Supported by STAR

Foreign Direct Investment: Approved Amounts, Projects


Implementation Challenges Supported by STAR

  • Limited resources required prioritization of demands (although this also allowed project to be more focused and effective).

  • STAR program engaged primarily with government of Vietnam despite the important role the private sector plays in making legal and economic reforms work.  Building the private sector’s capacity to participate in reform efforts is also an important element of Aid for Trade that sometimes, including in the case of STAR, could use more attention.

  • Challenges with subsequent implementation and enforcement of reforms will require ongoing assistance and engagement.


Conclusions Supported by STAR

  • Vietnam demanded STAR technical assistance and owned the activities

  • Example of effective donor coordination to support trade liberalization in partnership with host government

  • Strong U.S. – Vietnam partnership for economic growth


ad