In addition to the TPP issue, the two countries have other irritations in their trade relations. The U.S. trade deficit with Vietnam has grown steadily since 1997 and exceeded $20 billion in 2014. As a result of the U.S.-China trade war, it increased by 41%, from $39.5 billion in 2018 to $55.8 billion in 2019. In February 2020, the Trump administration removed Vietnam from the list of self-reported developing countries with preferential trade benefits under the World Trade Organization. This measure appears to have been strongly based on the U.S. trade deficit with Vietnam. UNCTAD`s Work Programme on International Investment Agreements (IAA) actively supports policy makers, government officials and other IIA stakeholders in the IIA reform to make them more conducive to sustainable development and inclusive growth. International investment rules are established at bilateral, regional, inter-regional and multilateral levels. It requires policy makers, negotiators, civil society and other stakeholders to be well informed about foreign direct investment, international investment agreements (AI) and their effects on sustainable development. Key objectives of UNCTAD`s IIA work programme – Reform of the International Investment Agreements (IIA) regime to improve the dimension of sustainable development; A comprehensive analysis of key issues arising from the complexity of the international investment regime; Development of a wide range of instruments to support the development of a more balanced international investment policy. International investment agreements (AI) are divided into two types: (1) bilateral investment agreements and (2) investment contracts.
A bilateral investment agreement (ILO) is an agreement between two countries to promote and protect investments made by investors from the countries concerned in the territory of the other country. The vast majority of IDu are bits. The category of contracts with investment rules (TIPs) includes different types of investment contracts that are not BITs. There are three main types of TIPs: 1) global economic contracts that contain commitments that are often included in ILOs (. B, for example, a free trade agreement with an investment chapter); 2. contracts with limited investment provisions (for example. B, investment creation or free transfer of investment-related funds; and three.