date:Apr 28, 2016
ements with key US competitors such as Australia, Chile, Korea, and New Zealand. Vietnams average tariff on agricultural products is 16%, while the average U.S. tariff is 5%.
Under the TPP, Vietnam will reduce and eventually eliminate tariffs across a broad range of food and agricultural products, helping put US exports on a level playing field and giving the US a leg up on non-TPP competitors.
The move to lift tariffs on dairy products from the US will support the continued growth of a robust