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News : International Last Updated: Dec 19th, 2007 - 13:17:15


Bush talks trade with Vietnam's Prime Minister
By Finfacts Team
Jun 22, 2005, 05:38

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Vietnamese Prime Minister Phan Van Khai has made a visit to Washington - the first by a Hanoi leader since the end of the Vietnam War 30 years ago.

US President George W Bush accepted an invitation to visit Vietnam in 2006, and has backed Hanoi's ambitions to join the World Trade Organisation.

Phan Van Khai's visit to Washington also provoked some dissent.

Meeting on the 10th anniversary of the establishment of diplomatic relations between the United States and Vietnam, President George W. Bush met with Prime Minister Phan Van Khai of Vietnam in the Oval Office Tuesday, June 21, 2005. "At the invitation of President George W. Bush, it gives me the great pleasure and honor as the first Vietnamese Prime Minister to pay an official visit to the United States," said the Prime Minister to the press. White House photo by Eric Draper

Outside the White House several hundred protesters - mostly Vietnamese Americans - shouted "Terrorist go home" and waved banners such as "Stop Religious Freedom Repression".

Some of them carried the yellow and red striped flag of US wartime ally South Vietnam while others burnt the flag of the communist victor.

Mr Bush welcomed Phan Van Khai and then talked of the US desire for Vietnam to join the World Trade Organisation.

There was no mention of "human rights"  but Bush did note that Vietnam had made a commitment to religious freedom.

Bush also thanked Vietnam for helping to account for the Americans still missing from the Vietnam War and for their efforts to return the remains of fallen soldiers to their families back home.

Prime Minister Phan Van Khai's priority on this US visit has not been political but economic. He has brought more businessmen with him than politicians.

The first stop was Seattle, to sign a $500 million deal with Boeing. He then went on to meet Bill Gates, chairman of the computer software giant Microsoft.

In New York the Vietnamese prime minister will "ring in" trading on the floor of the New York Stock Exchange.

Phan Van Khai has embraced capitalism, though not the democracy that usually goes with it.

The US is keen to make the most of new market opportunities.

Two-way trade between the two countries rose from $451 million in 1995 to $6.4 billion in 2004.

The following is a transcript of remarks at the White House:

PRESIDENT BUSH: There will be two opening statements this morning. Mr. Prime Minister, welcome. I want to thank you for the constructive visit we just had. We discussed a wide range of subjects. We discussed our economic relations. And I noted that the Vietnamese economy is growing quite substantially. We talked about our desire for Vietnam to join the WTO. We talked about security issues and a mutual desire to coordinate in the war on terror.

After meeting in the Oval Office, President George W. Bush shows Vietnamese Prime Minister Phan Van Khai and his delegation the Rose Garden during their visit to the White House Tuesday, June 21, 2005. It is the first visit by a Prime Minister from Vietnam in more than 30 years.  White House photo by Eric Draper We talked about humanitarian issues. As the Prime Minister noted, the United States is supporting the fight against HIV/AIDS in Vietnam, and he gave me a report on the progress about our mutual desire to help those who suffer with HIV/AIDS. We signed a landmark agreement that will make it easier for people to worship freely in Vietnam.

And finally, I want to thank the Prime Minister for his government's willingness to continue to work on the -- on finding the remains of those who lost their lives in Vietnam. It's very comforting to many families here in America to understand that the government is providing information to help close a sad chapter in their lives.

And finally, the Prime Minister graciously invited me to Vietnam. I will be going in 2006. I'm looking forward to my trip. I'm also looking forward to the APEC Summit that Vietnam will be hosting.

Mr. Prime Minister, welcome.

PRIME MINISTER KHAI: (As translated.) Thank you very much Mr. President, ladies and gentlemen.

At the invitation of President George W. Bush, it gives me the great pleasure and honor as the first Vietnamese Prime Minister to pay an official visit to the United States. And this event, in itself, shows that Vietnam-U.S. relations have in fact entered a new stage of development. My visit to America this time coincides with the 10th anniversary of the establishment of our diplomatic relations.

During the talks that I had with Mr. President, Mr. President and I were pleased to note the significant developments in the two countries' relations, including the good progress made in addressing the various issues left over by the past, as well as the various steps to be taken to expand our relations in the future.

Mr. President and I also shared the view that proceeding from the interest of the two countries, and given the new developments in the region and the world, the two countries' relationship should be enhanced, and we should aim to build a friendly relationship, constructive partnership, a comprehensive cooperation on a long-term and stable basis, as well as on the basis of equality, mutual respect and benefits.

President George W. Bush and Prime Minister Phan Van Khai of Vietnam deliver statements to the media in the Oval Office Tuesday, June 21, 2005. "We discussed our economic relations. And I noted that the Vietnamese economy is growing quite substantially. We talked about our desire for Vietnam to join the WTO," said the President. "We talked about security issues and a mutual desire to coordinate in the war on terror."  White House photo by Eric Draper We believe that America can find in Vietnam a potential cooperation partner. We have a population of 80 million people, which means a huge market for American businesses. And these people are also very hard working, creative, and dynamic. And they are now working very hard to achieve the goal of building Vietnam into a strong country with wealthy people and a democratic and advanced society.

Vietnam is also actively integrating itself into the world economy, and wishes to be a friend and reliable partner of all countries in the international community. I also highly appreciate Mr. President's strong support for Vietnam's early WTO accession, and we agreed that Vietnam's accession will be in the benefits of both countries and we agree to continue with our bilateral negotiations with the aim of concluding those very soon.

Mr. President and I also agreed that there remain differences between our two countries due to the different conditions that we have, the different histories and cultures. But we also agreed that we should work together through constructive dialogue based upon mutual respect to reduce those differences in order to improve our bilateral relations.

On international issues, Mr. President and I exchanged views on the recent developments in Asia and the Pacific, which we are both concerned about. And we also agreed on the needs to improve the effectiveness of APEC for which the 2006 APEC summit in Vietnam will be an important milestone.

I am also delighted that President Bush has accepted my invitation to visit Vietnam and to attend the 2006 APEC summit, and we also welcome your support for the organization of this summit.

I am fully confident that my visit to America this time will help uplift the relationship between our two countries to a new height. And may I finally wish America prosperity and happiness to her people.

I thank you, very much, for your time.


© Copyright 2007 by Finfacts.com

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