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|Vietnamese Minister of Industry and Trade Tran Tuan Anh announced the results of the meeting|
The ministers and deputy ministers are from Australia, Brunei, Canada, Chile, Japan, New Zealand, Malaysia, Peru, Singapore, and Vietnam. They arrived at the conclusion at a meeting on the side-lines of the 23rd meeting of Ministers Responsible for Trade in the framework of the APEC 2017, which took place on May 21 in Hanoi, in order to discuss the TPP.
They agreed that they have to realise the benefits of the TPP and the remaining 11 countries are open to accept additional members provided they accept the trade agreement’s high standards.
The ministers reaffirmed the strategic economic importance of the TPP. They also emphasised that the high standards of the pact is what would push economic integration in the area, contribute to the economic growth of the member states, and create more opportunities for workers, households, farmers, businesses, and consumers.
The ministers assigned their trade officials to prepare an assessment of the options available to realise the TPP. This work should be done before the TPP countries meet again on the side-lines of the APEC Summit in the central city of Danang in November.
|RCEP enters a post-TPP void
Following the uncertain future of the Trans-Pacific Partnership due to US withdrawal, special attention is now being given to the under-negotiation Regional Comprehensive Economic Partnership – RCEP – led by China. Tim Harcourt, former chief economist of the Australian Trade Commission and now professor of economics at University of New South Wales, spoke with VIR’s Thanh Tung about Vietnam’s trade future in RCEP’s huge market of over 3.4 billion people.
|TPP member states commit to regional economic, trade integration
Member states of the Trans-Pacific Partnership (TPP) committed to seeking a new path to promote regional economic and trade integration during a high-level meeting in the Chilean city of Vina del Mar on March 15.
|TPP flop a thorn in rosy future
Though the US has cancelled its participation in the Trans-Pacific Partnership, which is expected to have drawbacks for both Vietnam and the US, Vietnam’s economic outlook remains bright without the deal. Sesto Vecchi, managing partner of US law firm Russin & Vecchi, gives VIR his analysis.
|Growth remains without TPP
Vietnam was the country with the most to gain from the Trans-Pacific Partnership. Increased market access, especially to the US, would have supported an export manufacturing boom and outsized GDP growth in what is already one of Southeast Asia’s fastest growing economy.
|What’s left for Vietnam after US withdraws from TPP?
US President Donald Trump yesterday signed an executive order to withdraw the US from the Trans-Pacific Partnership agreement (TPP).
|Vietnam will rise with or without TPP
International economic experts remain upbeat about Vietnam’s economic prospects in the coming years, even without the much-heralded Trans-Pacific Partnership.
|Trump reaffirms US withdrawal from TPP
President-elect Donald Trump said the US will quit the Trans-Pacific Partnership (TPP) Agreement on his first days in the White House.