US President Donald Trump signed a decree to withdraw his country from the Trans-Pacific Partnership (TPP) trade deal on his first official working day in the White House on January 23.
US President Donald Trump (Source://arstechnica.com)
Hanoi (VNA) - US President Donald Trump signed a decree to withdraw hiscountry from the Trans-Pacific Partnership (TPP) trade deal on his firstofficial working day in the White House on January 23.
Trump said the TPP, which grouped the US and 11 economic partners in AsiaPacific, will harm manufacturing and production in the US, and deprive US citizensof jobs.
The deal had been discussed since 2009, during the presidency of Barack Obama,but the US Congress never ratified the agreement, and many legislators opposedit, or expressed doubts about its profitability.
TPP negotiations concluded in October 2015. It is waiting forapproval of member nations’ parliaments. Many TPP member countries areconsidering signing the deal without the involvement of the US.
If the original agreement, including the US, had come intoforce it would have been thelargest regional trade agreement in history, covering 40 percent of the worldeconomy.
The11 TPP members are Australia, Brunei, Canada,Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.-VNA
Although the future of TPP is still in question, opportunities for Vietnam are considerable, many experts, officials and entrepreneurs said at a consultation workshop in Hanoi on November 25.
Vice Chairman of the National Assembly Phung Quoc Hien has expressed his hope that the US-ASEAN Business Council will continue helping connect Vietnamese and US businesses.
Forging partnership with ASEAN is among priorities of the Pacific Alliance amid global integration, as heard at the bloc’s summit in Bogota, Colombia, on December 15.
Malaysia may study the possibility of pursuing bilateral free trade agreements (FTAs) with Trans-Pacific Partnership (TPP) member countries if the pact fails to be enforced, Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said on January 21.
Speaking at the launch of the Indonesia Economic Prospects June 2025 edition on June 23 in Jakarta, Turk noted that Indonesia’s gross domestic product (GDP) expanded 4.9% in the first quarter of 2025 compared to the same period last year.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.