Vietnam and other countries continue TPP negotiations
They expect to reach a final decision before a TPP summit to be held on the sideline of the APEC summit in Vietnam in November.
Several countries have held meetings to clear obstacles for TPP implementation.
At a meeting in Australia in August, head of the Australian TPP negotiation delegation Justin Brown said that despite several hurdles, Australia is committed to working with the 10 other countries to make the deal mutually beneficial to its members.
Head of the Japanese delegation Kazuyoshi Umemoto said the 11 countries have reached better mutual understanding.
Some participants have suggested revising or freezing certain articles in the agreement, including those relating to state purchasing and patents on pharmaceuticals.
A TPP meeting in Japan in July created a new framework for the deal to keep it alive under the name “TPP 2.0” or “TPP-11”.
The APEC Ministers Responsible for Trade Meeting (MRT) in Hanoi in May issued a joint statement by the TPP Trade Ministers.
Vietnamese Minister of Industry and Trade Tran Tuan Anh said, “TPP Coordinating mechanisms will be implemented from now until the summit in November. Technical meetings and meetings of delegation chiefs will be organized by TPP members. We’ll discuss and make proposals and commitments for TPP’s future including a specific roadmap for TPP approval and enforcement.”
Minister Anh said Vietnam will take concrete actions to realize the TPP. “Vietnam pursues open and integration policy. The TPP is a free trade agreement that needs consensus among the members. The country has worked closely with the other members during the negotiation process to balance the TPP frameworks in the new situation.”
The TPP was signed in February, 2016, by 12 members. But US President Donald Trump decided to withdraw the US from the TPP after his taking office in January, 2017.
The TPP now requires ratification by at least 6 member countries, with 85% of the combined GDP of the 12 original signatories, to come into force.
Related News
Vietnam ready to export first batch of sweet potatoes to China
13:57 | 06/04/2023 Anti-Smuggling
Australian Governor-General wraps up State visit to Vietnam
13:53 | 06/04/2023 Headlines
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Vietnam active at UN Human Rights Council’s 52nd session
16:11 | 05/04/2023 Headlines
Latest News
Private sector remains driving force for economy
14:11 | 03/04/2023 Headlines
State visit to Vietnam by Australian Governor-General to deepen the two’s goodwill, trust: expert
14:10 | 03/04/2023 Headlines
Vietnam"s economy to grow by 6.6% this year: OECD
17:45 | 02/04/2023 Headlines
Bright outlook for Vietnamese tourism in new situation
16:52 | 02/04/2023 Headlines
More News
Vietnam, US hold 12th Political, Security, Defence Dialogue
20:25 | 01/04/2023 Headlines
Vietnam calls for comprehensive, all-society approach to waste management
14:32 | 31/03/2023 Headlines
Many factors support foreign capital flow
13:40 | 30/03/2023 Headlines
Foreign SMEs pour capital into Vietnam
13:37 | 30/03/2023 Headlines
Leaders of aviation firms to be disciplined if employees committed wrongdoings
15:38 | 29/03/2023 Headlines
Vietnam - Lao joint border patrol held
15:31 | 29/03/2023 Headlines
CPI increases about 4.2% in first quarter
14:27 | 28/03/2023 Headlines
PM orders close coordination to remove obstables to property market
14:20 | 28/03/2023 Headlines
PM chairs Government meeting on law building
15:46 | 27/03/2023 Headlines
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Australian Governor-General wraps up State visit to Vietnam
13:53 | 06/04/2023 Headlines
Vietnam active at UN Human Rights Council’s 52nd session
16:11 | 05/04/2023 Headlines
Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM
16:09 | 05/04/2023 Headlines
Việt Nam, US hold 12th political, security, defence dialogue
14:15 | 03/04/2023 Headlines
Private sector remains driving force for economy
14:11 | 03/04/2023 Headlines