Vietnam completed bilateral negotiations with its partners joining negotiations on the Trans-Pacific Partnership (TPP) agreement in the framework of their recent meeting in Hawaii, the US.
Trade ministers from 12 TPP member nations at their meeting in Hawaii (Source: VNA)
The Vietnamese delegation led by Minister of Industry and Trade Vu Huy Hoang attended the event, which aimed to resolve remaining issues towards completing the negotiations.
In the spirit of mutual cooperation, Minister Hoang held bilateral working sessions with the US Trade Representative, the minister in charge of Japan's TPP negotiations, the Malaysian Minister of International Trade and Industry and the Mexican Secretary of Economy, the paper cited the ministry’s statement issued on August 3.
He also hosted meetings on the sidelines of the event with his counterparts from Singapore’s Ministry of Industry and Trade and Canada’s Ministry of International Trade.
After plenary sessions as well as minister-level group and two-sided meetings, the four-day TPP negotiation round yielded hopeful outcomes as all TPP member nations affirmed their determination to resolve existing contradictions as soon as possible.
The progress showed the strong commitment of TPP countries to build a promising and comprehensive free trade agreement with high-standards, generating jobs and promoting economic growth in the Southeast Asia.
Negotiations on the TPP agreement began in 2005 and have so far attracted the participation of 12 countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam.
Once signed, the TPP will form a free trade area with a population of 800 million and accounting for 30 percent of global trade turnover and nearly 40 percent of global output.-VNA
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Trade ministers from 12 TPP member nations at their meeting in Hawaii (Source: VNA)
