The TPP may be dead as far as American involvement is concerned, but that doesn’t mean there aren’t numerous trade and commercial opportunities available for Oklahoma firms interested in doing business in Asia.
The latest Federation of International Trade Associations report on Vietnam is out, and it has identified several sectors key to growth for Oklahoma companies.
Opportunities for business can be found in information technologies, transportation infrastructures as well as healthcare and pharmaceuticals. An English-language export information outlet has also been set up, making for updated and easily viewable information on Vietnamese exports. The Vietnam Export Portal is an official business information channel, updated in English with the aim to introduce export potentials of Vietnam.
For our farming and Oklahoma agriculture professionals, Vietnam is growing as a reliable export market for agriculture related products. It now ranks as the U.S.’s 11th largest agricultural export market – and as economic growth picks up there the country’s need to import all or most of its consumption needs for wheat, cotton, wood and dairy products will be increasingly necessary.