Vietnam willing to work for early TPP negotiation completion
Vietnam is ready to work with other countries involved in Trans-Pacific Partnership (TPP) negotiation towards its early conclusion, Spokesman for the Foreign Ministry Le Hai Binh said in a regular press conference on May 21.
Vietnam is ready to work with other countries involved in Trans-PacificPartnership (TPP) negotiation towards its early conclusion, Spokesmanfor the Foreign Ministry Le Hai Binh said in a regular press conferenceon May 21.
Replying a query on the possibility of wrapping up thenegotiations and signing the agreement within this year, Binh saidVietnam will follow the principle of fairness with regard to mutualbenefits and respect to interests of the TPP member countries.
TPPnegotiations were launched in 2005 between Australia, Brunei, Canada,Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the UnitedStates and Vietnam.
It is one of the world’s biggestFree-Trade Agreement (FTA) with the combined gross domestic product(GDP) of all 12 participant countries accounting for 40 percent of theglobal GDP.
It is a treaty of a very high standard, perhapseven an unprecedented standard, and this causes difficulties for most ofthe countries involved, especially in some key fields such asprotecting intellectual property rights or opening up the goods market.-VNA
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