Foreign Goods
Ho Chi Minh City, Vietnam - The United States and Vietnam signed a trade pact Wednesday that removes one of the last major hurdles in Hanoi’s bid to join the World Trade Organization. The deal would knock down remaining trade barriers between the two countries, which saw bilateral trade rise 21.6 percent to nearly $8 billion last year, by ending U.S. quotas on Vietnamese textiles and garments and giving American companies greater access
So, it looks like the trade pact is going to open up a two-way relationship tangle between the US and Vietnam. Meaning that on the one hand it could lead to healing bad vibes from the past simply because of goods exchange, but also maybe trigger hostility towards foreign business and market competition issues.
In my country there's currently a big deal of fighting over textile imports from the East, because locals feel that they can't compete with prices and that it kills local job creation and economic growth in the sector.
What are your views on imports/foreign trade?