Illustrative image Washington and Ankara have set an ambitious goal of quadrupling their trade to US$100 billion a year, despite the prospect of U.S. sanctions over Turkey’s recent purchase of Russian missile defense systems. Trade Minister Ruhsar Pekcan said she expressed Turkey’s “clear expectation” to U.S. Secretary of Commerce Wilbur Ross over the removal of “certain barriers and policies as implemented by the U.S. administration that constitute (an) obstacle to enhancing our bilateral trade.” The White House said in May it was ending a preferential trade agreement with Turkey, saying Turkey’s level of economic development meant it was no longer eligible for the support. Turkey could also face sanctions from its NATO ally over the delivery in July of Russian S-400 missile defense equipment. Pekcan said she discussed increasing Turkish exports in the civil aviation, automotive, jewelry, furniture, textiles and clothing sectors. The U.S. … [Read more...] about Turkey calls on U.S. to lift barriers to boost trade
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Addressing the event, President of the Vietnam-U.S. Society (VUS) Nguyen Tam Chien hailed the great contributions of the VFP to healing the wounds of war in Vietnam. At the ceremony (Photo: vufo.org.vn) Established in 1985, the Veterans for Peace, together with American peace lovers and other organizations, has made efforts to bring Vietnam and the U.S. closer together and to overcome war consequences. Accordingly, on behalf of the VUFO leadership, Chien handed over a certificate of merit to the Veterans for Peace. Meanwhile, the insignia “For Peace and Friendship among Nations” was awarded to Paul Cox, a member of the Veterans for Peace. Having been engaged in the war in Vietnam, he understood the pain left behind from the war for Vietnamese people. Therefore, he has encouraged other U.S. veterans to come back to Vietnam to actively help the Vietnamese people overcome war-left aftermath. On the same day, the VUS also held a conference themed … [Read more...] about Peace insignia presented to U.S. veteran
The national carrier is allowed to operate flights between Viet Nam’s Ho Chi Minh City and Ha Noi and the U.S. cities of Los Angeles, San Francisco (California); New York (New York), Seattle (Washington) and Dallas - Fort Worth (Texas). The transit flights will include stops in Taipei (Taiwan – China), Osaka and Nagoya (Japan). Viet Nam Airlines is also allowed to operate flights to the Canadian cities of Vancouver, Montreal and Toronto via points in the U.S. In addition, Viet Nam Airlines is also licensed to operate routes from destinations outside Viet Nam, via Viet Nam or other transit points to 25 destinations in the U.S. under codeshare arrangements. This license also allows it to operate charter flights between the two countries. Viet Nam Airlines is the first and only airline in Viet Nam to receive such as license from the U.S. Department of Transportation, which is an important step in … [Read more...] about VN Airlines granted license to commercial flights to U.S.
U.S. charges China's Huawei with bank fraud, stealing trade secretsThe Saigon Times Daily The Huawei logo is pictured outside their research facility in Ottawa, Ontario, Canada, December 6, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - The United States on Monday charged China’s Huawei Technologies Co Ltd, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has escalated tensions with Beijing. In a 13-count indictment filed in New York, the Justice Department said Huawei misled a global bank and U.S. authorities about its relationship with the subsidiaries, Skycom Tech and Huawei Device USA Inc, in order to conduct business in Iran. In a separate case, the Justice Department also accused two Huawei subsidiaries of 10 counts of stealing trade secrets, wire fraud and obstructing justice for allegedly stealing robotic technology from carrier T-Mobile US Inc to test smartphones’ durability. Those … [Read more...] about U.S. charges China’s Huawei with bank fraud, stealing trade secrets
By Reuters  December 2, 2018 | 11:44 am GMT+7 U.S. President Donald Trump, U.S. President Donald Trump's national security adviser John Bolton, U.S. Treasury Secretary Steven Mnuchin attend a working dinner with Chinese President Xi Jinping after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. Photo by Reuters/Kevin Lamarque China and the U.S. have agreed to halt additional tariffs as both nations engage in new trade negotiations for 90 days. The White House announced the halt on Saturday after President Donald Trump and Chinese President Xi Jinping held high-stakes talks in Argentina. Trump agreed not to boost tariffs on $200 billion of Chinese goods to 25 percent on Jan. 1 as previously announced, while Beijing agreed to buy an unspecified but "very substantial" amount of agricultural, energy, industrial and other products, the White House said in a statement. China "is open to approving the previously unapproved" deal for U.S. … [Read more...] about U.S., China declare 90-day halt to new tariffs, White House says