Monday, December 18 2017

VietNamNews

VN continues global economic integration

Update: January, 25/2017 - 10:15
Spokesperson of the Foreign Ministry Lê Hải Bình. — VNA/VNS Photo

HÀ NỘI — Việt Nam considers the engagement in the Trans-Pacific Partnership (TPP) agreement and other free trade agreements (FTAs) as one of the most important moves in implementing its policy of proactive and active economic integration in an extensive and inclusive manner, spokesperson of the Foreign Ministry Lê Hải Bình said.

He made the statement yesterday in response to reporters’ queries on Việt Nam’s reaction to the US’s announcement to withdraw from the TPP.

He said over the past six years, 12 members of the TPP worked hard to negotiate and concluded the signing of the trade pact, a new-generation free trade agreement.

If executed, the TPP would satisfy the common interests of all member nations, not only creating a new momentum for their economic-trade relations, but also holding significance for economic cooperation and connectivity as well as stability and prosperity in the Asian-Pacific region, he added.

Việt Nam’s involvement in the TPP and other FTAs is also intended to improve its legal system and market economy institutions and create a new driving force to spur domestic economic growth and contribute to the regional economic integration and connectivity, he noted.

He affirmed that Việt Nam would push ahead with renovations and step up preparations at home to ensure the effective implementation of its commitments under the signed and to-be-signed free trade agreements.—VNS

 

 

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