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VietNamNews

Deputy PM visits US to further TPP talks

Update: September, 17/2014 - 09:07
Vietnamese Deputy Prime Minister Vu Van Ninh shakes hands with US Secretary of Treasury Jacob Lew prior to a meeting at the US Department of Treasury in Washington, DC, September 15. — VNA/VNS Photo Quang Hoa

WASHINGTON (VNS) — Deputy Prime Minister Vu Van Ninh is on a working visit to the US from September 15-19 to accelerate negotiations on the Trans-Pacific Partnership agreement (TPP) and bolster the two countries' economic ties.

In his meeting with Trade Representative Michael Froman, Ninh proposed the US focus on the reduction of taxes for garment and footwear products in the negotiations and consider recognition of Viet Nam's market economy once the agreement is signed.

To speed up negotiations, the US should take a more flexible approach to intellectual property rights, Ninh said, adding that Viet Nam would actively work with the US and other countries to seek acceptable solutions for all the involved parties.

Froman pledged to facilitate the entrance of Vietnamese garment and shoe products to the US market and asked the Vietnamese side to create favourable conditions for US pork and poultry to be sold in Viet Nam.

The US side also promised to provide technical assistance for Viet Nam to enforce its TPP commitments.

During a meeting with Secretary of the Treasury Jack Lew, the Vietnamese official urged the US to resume its provision of official development assistance (ODA) and preferential loans and increase the number of humanitarian programmes run in Viet Nam.

He spoke highly of the US's support for Viet Nam's programme on tackling money laundering and requested more technical assistance for officials in this field.

At the reception held by Secretary of Commerce Penny Pritzker, both sides confirmed their determination to open a direct air route between the two countries by 2015. Furthermore, they agreed to further enhance bilateral trade ties and speed up TPP negotiations.

The Deputy PM also met with Professor Jeffrey Schott, an expert on TPP at the Peterson Institute for International Economics. Ninh said the institute's research and publications had helped Viet Nam develop clearer approaches to international economic issues. — VNS

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