The US is eager to provide Vietnam with technical assistance for the ongoing Trans-Pacific Partnership (TPP) negotiations.
This was emphasized by Deputy US Trade Representative Demetrios Marantis at a press conference in Hanoi on February 24. He said during his five-day visit to Vietnam from February 21, he has worked with Vietnamese ministries and agencies to discuss the upcoming steps in the TPP negotiations, regarding the ways to access the market, intellectual property protection, investment, and services.
The discussions also focused on the impact of TPP on Vietnam’s reforms, he said, adding that the US and Vietnam have agreed to discuss in a frank manner the issues raised during the negotiations, including sensitive ones such as the exports of Vietnamese textile and garment products and the amendments to the Labour Code.
Marantis said he is optimistic about the results of the negotiations and emphasized that Vietnam is among the countries that will benefit the most when joining the TPP, as it will find it easier to penetrate the US market and attract foreign investors.
TPP commitments will also provide fresh impetus for Vietnam’s reforms, he said.
There are now nine countries involved in the TPP negotiations: Vietnam, Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, and the US. In 2011, leaders of the nine countries reached a consensus to speed up the negotiations.
On the same day, Marantis was received by Deputy Prime Minister Vu Van Ninh, who expressed his delight at the development of Vietnam-US relations.
Deputy PM Ninh proposed that both sides work together to settle disputes in bilateral trade ties and to complete the TPP negotiations. Source: VOV