The chief negotiators from the 11 Trans-Pacific Partnership countries met on July 12 to discuss how to bring the regional free trade deal into effect following the withdrawal of the United States
TPP negotiations continue without US (Source: Vietstock.vn)
Hanoi (VNA) - The chief negotiatorsfrom the 11 Trans-Pacific Partnership countries met in Hakone, KanagawaPrefecture, southwest of Tokyo, on July 12 to discuss how to bring the regionalfree trade deal into effect following the withdrawal of the United States, theJapanese Kyodo News reported.
The meeting, to run for at least two days,follows their trade ministers' meeting on the sidelines of an Asia-PacificEconomic Cooperation (APEC) in Vietnam in May, where they agreed to launch aprocess to assess options to bring the TPP into force expeditiously.
According to current regulations, the TPP cancome into force after the countries that account for 85 percent of the original12 signatories' combined gross domestic product (GDP) complete their domesticprocedures.
Since the United States alone represents morethan 60 percent of the initial members' GDP, it is impossible to bring the pactinto effect under present terms.
The chief negotiators are determined to discusspossible options for the deal before their leaders gather in November for anAPEC forum in Vietnam.
Nobuteru Ishihara, Japan’s Minister for EconomicRevitalisation, Total Reform of Social Security and Tax, and Economic andFiscal Policy, told a pressconference on July 11 that the discussion in Hakone will not be the final onebefore November's summit. The chief negotiators are likely to meet again inSeptember.
Japan, the largest economy among the 11, hopesto reach an agreement to bring the TPP into effect, as it took years ofnegotiations before it was signed in February 2016.
However, some countries may call for freshnegotiations on the content, including tariffs.
The Japanese minister said that Japan wants tomove forward discussions toward the early implementation of the TPP, includinghow to bring the United States back.
U.S. President Donald Trump announced thecountry's pullout from the TPP soon after he took office in January, saying themultilateral pact hurts American jobs and that he prefers bilateral tradenegotiations.
The TPP was signed by Australia, Brunei, Canada, Chile, Japan, Malaysia,Mexico, New Zealand, Peru, Singapore, the United States and Vietnam, coveringaround 40 percent of the global economy. - VNA
Industrial land in Vietnam has continued expanding since the beginning of this year, despite uncertainty over the future of the Trans-Pacific Partnership (TPP) after the withdrawal of US support for the deal.
Ministers from 11 countries joining the TPP are scheduled to gather in Hanoi on May 21, with Japan pushing for the free trade pact to be put into force as soon as possible without the US.
Australia, Brunei, Canada, Chile, Japan, Mexico, New Zealand, Malaysia, Peru, Singapore and Vietnam discussed the TPP on the margin of the 23rd Meeting of the APEC Ministers Responsible for Trade.
The chief negotiators of 11 Trans-Pacific Partnership (TPP) countries plan to meet in Hakone, Japan, in mid-July to discuss the future of the free trade deal without the United States.
Total trade between Indonesia and New Zealand in the first half of 2025 reached 963.23 million USD, an increase of 21.56% compared to 792.39 million USD in the same period last year. Of this amount, Indonesia's exports to New Zealand totaled 374.89 million USD, while imports 588.35 million USD
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
The 2025 ASEAN Business Community Development (ABCD) Forum, themed “Empowering ASEAN's Next Leap: Digital, Sustainable & Entrepreneurial Transformation” brought together ministers, CEOs, and top industry experts to discuss key regional economic priorities.
The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
TPP negotiations continue without US (Source: Vietstock.vn) 
