Vietnam, US to push up TPP negotiations


Updated : 12/03/2013 16:06 GMT + 7

Vietnam will make every effort to accelerate the signing of the Trans-Pacific Partnership (TPP) that involves both Vietnam and the US, President Truong Tan Sang said.

President Sang made the statement at his talks with US Trade Representative Michael B. G. Froman in Hanoi on December 2, during which he stressed that the TPP plays an important role in the external strategies of both countries, opening up new cooperation prospects for both countries.

The President highly valued the coordination between Vietnam and the US during the negotiation process, and said he believed that both sides, with their efforts, will remove all obstacles in their negotiations.

As the continuation of bilateral cooperation between Vietnam and the US, the TPP will help promote the comprehensive strategic partnership between the two countries, he added.

For his part, Froman said the TPP is of strategic importance to the US in Asia-Pacific, which benefits all engaged parties. He also said he hopes the TPP negotiations will conclude soon with the best success.

On the same day, the US official was also received by Prime Minister Nguyen Tan Dung, who said the TPP will lay a sound foundation for boosting ties between stakeholders, including Vietnam and the US.

PM Dung also affirmed Vietnam’s close collaboration with the US to reach the targets of the TPP negotiations in line with the balanced interests of relevant parties.

He expresses his hope that during the process of the TPP negotiations to reach agreements tailored for the two sides, the US will consider helping Vietnamese exports, especially garment and textile products, to access the US market.

In reply, Froman said that successful negotiations for the TPP will step up cooperation between the two countries, notably in economics, trade and investment.