the unitedthe rules, states is signaling to vietnam and the world that there is an importance in engaging him further. rishaad: the thing is, let's have a look at the timing. why is this happening now? we have seen the tensions in the south china sea. reporter: exactly. the meeting between the two countries between the officials is occurring 20 years after the two countries reengaged diplomatic relations, and it underscores the converting inches -- converging interests of the country's, at a time when china is increasing assertiveness in the south china sea. just a year ago, china placed an oil rig off the coast of --tnam, that trickled triggered a diplomatic row between the countries. china as well as constructing artificial islands which is upsetting vietnam and other countries. vietnam views this as a threat it'se economy and sovereignty. have one of the largest shipping lanes in the world. you will see more and more engagement. time, both countries are involved in negotiations with the transpacific partnership treaty. so they view the future as being a much more economically engaged.

the current unitedthe current united states tax code severely distorts market decision for the allocationpering job creation impedes growth of revenue and throughout the discussion today -- also, please keep in mind only people pay taxes. take one thing away from tax policy corporations don't pay taxes, people do. ifif you tax a corporation you will have a lower rate of return for investors, higher taxes on the profits or higher prices on products or you will be taxing labor. labor price you pay we will be lower because that money is going to taxes. so it wasso it was also mentioned that many developed countries are reducing the corporate tax rate and the structure of corporate tax systems to make them simpler. thethe united states federal government appears to be taking the opposite approach some states throughout the united states and lowering corporate tax rates and offering competitive tax packages to attract businesses command you can see that going on. tax provisions increase uncertainty and cost. this drives competitive profit-seeking corporations to minimize tax exposure and the f