U.S. & Vietnam Agree On Timber Pact, Avoiding Punitive Tariffs
Posted On
October 13, 2021
The U.S. and Vietnam have reached an agreement on illegally harvested and traded timber that allows Vietnam to avoid punitive tariffs. The agreement "secures commitments that will help keep illegally harvested or traded timber out of the supply chain and protect the environment and natural resources," said the Office of the U.S. Trade Representative.
Resource:
Bloomberg: U.S., Vietnam Reach Timber Pact, Averting Punitive Tariffs