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TPP would boost trade co-operation with US

Update: December, 03/2013 - 09:50
Prime Minister Nguyen Tan Dung made the affirmation at a reception for US Trade Representative Michael B. G. Froman in Ha Noi yesterday.— VNA/VNS Photo Duc Tam

HA NOI (VNS)— Viet Nam always realises commitments to the World Trade Organisation (WTO) and bilateral trade agreements and proactively deepens its integration into the global economy on the basis of fast-growing and sustainable development.

Prime Minister Nguyen Tan Dung made the affirmation at a reception for US Trade Representative Michael B. G. Froman in Ha Noi yesterday.

During the reception, PM Dung said the Trans-Pacific Partnership (TPP) would lay a sound foundation for boosting ties between all stakeholders, including Viet Nam and the US.

The Government leader also affirmed that Viet Nam would closely collaborate with the US to reach the targets of the TPP negotiations in line with the balanced interests of relevant parties.

He voiced hope that the US would consider helping Vietnamese exports, especially garment and textile products, access its market and would help create agreements tailored for the two sides during the TPP negotiations.

Michael B. G. Froman stressed that successful negotiations for the TPP would boost co-operation between the two countries, notably in the fields of economics, trade and investment.

President Truong Tan Sang (R) receives US Trade Representative Michael B. G. Froman yesterday.—VNA/VNS Photo

On the same day, the US Trade Representative was received by President Truong Tan Sang.

President Truong Tan Sang has told US Trade Representative Michael B. G. Froman that Vietnam will exert every effort to push up the signing of the Trans-Pacific Partnership (TPP) that involves both Vietnam and the US .

During their meeting in Hanoi on December 2, the State leader said the TPP plays an important role in the external strategies of both countries, opening up new cooperation prospects for both sides.

He highly valued the coordination between Vietnam and the US during the negotiation process.

The President expressed his belief that with the efforts of leaders of both sides, all obstacles in the negotiations will be removed.

The TPP is the continuation of bilateral cooperation between Vietnam and the US , matching their comprehensive strategic partnership, he added.

In reply, Froman briefed his host on the outcomes of his working sessions with Vietnamese ministries and sectors.

He said the TPP is of strategic importance to the US in Asia-Pacific, which benefits all engaged parties.

Through the deal, Vietnam will enjoy more favourable conditions to further its regional economic integration, he said.

The US official also said he hopes the TPP negotiations will conclude soon with the best success.—VNS

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