Vietnam eager to deepen TPP relations

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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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. 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...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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