FM Spokesman responds to TPP agreement negotiation conclusion

October 07, 2015 | 16:17

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The recent conclusion of the Trans-Pacific Partnership (TPP) agreement negotiations will help Viet Nam to expand cooperation potential and deepen her relations with leading partners in the region and beyond, said FM Spokesman Le Hai Binh.

Illustration photo

The diplomat made the point yesterday in reply to a reporter’s query on Viet Nam’s response to the conclusion of the deal.

Mr. Binh said that “Viet Nam highly values the resolve and remarkable efforts and the flexibility and creativity of TPP member countries to complete the pact in a balanced, comprehensive manner and with high standards, in Atlanta city, the U.S. on October 5.

Together with current cooperation and connection mechanisms like the Regional Comprehensive Economic Partnership (RCEP) and the Transatlantic Trade and Investment Partnership (TTIP), the TPP conclusion marks an important milestone in promoting the multi-layered connectivity trend and maintaining peace, stability and dynamic development in Asia-Pacific, said the FM Spokesman.

According to Mr. Binh, the agreement will assist Viet Nam in diversifying markets and material supply sources, thus facilitating the country’s deeper involvement in regional and global production networks and value chains.

Viet Nam will continue to improve the capacity of localities and businesses to implement the TPP commitments and optimise its benefits, in preparation for the signing and ratification of theTPP.

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