Posted on 11/28/2004 2:30:51 PM PST by Kitten Festival
One has to go digging into the jobbers' trade press for the stunning statistics about the extent of Vietnam's trade growth with the U.S. About $1.8 billion in apparel exports will be sold by the Vietnamese to the U.S. in 2004, and that's a bit of a decline over last year. But it's not just MADE IN VIETNAM tags on the baby clothes at Target anymore. There's another $2 billion in trade with fish, electronics, cashews, shrimp, furniture, pepper, shoes and other goods from Vietnam coming into the U.S., showing a 28% rise over the previous year. Ten years ago, the figure was zero. Today, America is Vietnam's largest trade partner, buying up about 20% of Vietnam's exports. And Vietnam is America's 35th largest trade partner out of 264 nations, a respectable rank.
It's been a quiet productive ten years since the U.S. lifted the trade embargo on Vietnam in 1994 and started largely trouble-free trade with the country that was once our bitterest enemy.
(Excerpt) Read more at americanthinker.com ...
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