Vietnam eager to deepen TPP relations

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vietnam1Vietnam has said it wants to accelerate the negotiations of the Trans-Pacific Partnership (TPP) which will help bolstering bilateral trade and economic ties between Vietnam, the US and a number of other member countries in East Asia and the Americas.

According to said Vietnamese President Truong Tan Sang, Vietnam will “try its best and hopes to receive technical assistance from the US to speed up the negotiations in order to elevate the Vietnam-US relations.”

The US, through its ambassador Demetrios James Marantis, who is also acting US trade representative in Hanoi, said it was willing to provide technical support to Vietnam to overcome difficulties in integration, as well as narrow the cognitive gap in fields of commodities, services and investment. He added that successful negotiations will offer a chance for both sides to boost trade, exports and job creation.

The US is now Vietnam’s biggest import market with two-way trade turnover increased from $2 billion in 2001 to $26 billion in 2012.

There are currently 11 TPP members, namely Australia, Brunei, Chile, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam. Japan has just recently voiced interest in joining the group.

 

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Reading Time: 1 minute

Vietnam has said it wants to accelerate the negotiations of the Trans-Pacific Partnership (TPP) which will help bolstering bilateral trade and economic ties between Vietnam, the US and a number of other member countries in East Asia and the Americas.

Reading Time: 1 minute

vietnam1Vietnam has said it wants to accelerate the negotiations of the Trans-Pacific Partnership (TPP) which will help bolstering bilateral trade and economic ties between Vietnam, the US and a number of other member countries in East Asia and the Americas.

According to said Vietnamese President Truong Tan Sang, Vietnam will “try its best and hopes to receive technical assistance from the US to speed up the negotiations in order to elevate the Vietnam-US relations.”

The US, through its ambassador Demetrios James Marantis, who is also acting US trade representative in Hanoi, said it was willing to provide technical support to Vietnam to overcome difficulties in integration, as well as narrow the cognitive gap in fields of commodities, services and investment. He added that successful negotiations will offer a chance for both sides to boost trade, exports and job creation.

The US is now Vietnam’s biggest import market with two-way trade turnover increased from $2 billion in 2001 to $26 billion in 2012.

There are currently 11 TPP members, namely Australia, Brunei, Chile, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam. Japan has just recently voiced interest in joining the group.

 

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