News » Breaking news
Vietnam pledges contributions to TPP agreement
  • | VOV | November 14, 2011 10:34 PM

Vietnam will continue making a positive contribution to on-going negotiations of the Trans-Pacific Partnership (TPP) agreement to fully tap the potential for cooperation and increase its connectivity, says President Truong Tan Sang.

President B. Obama (L) welcomes President Sang in Hawaii

Mr Sang made the affirmation at a meeting of the 9 TPP countries in Honolulu, Hawaii, the US, on November 12 (local time) as part of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week hosted by US President Barrack Obama.  

He proposed that all parties concerned work closely together to ensure a final agreement will meet the sustainable development goals of all TPP member countries, taking into account their development levels and diversity.

Vietnam and 8 other countries, namely, Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, and the US are conducting negotiations of a TPP agreement aimed at enhancing their trade and investment, promoting innovation, economic growth and development, and supporting the creation and retention of jobs.

The meeting took place at a time when the global and regional economies, particularly in the US, Europe and Japan, are slowing down due to the instability of the banking system, rising public debts and less employment.

After in-depth discussions, leaders of the 9 TPP member countries announced the achievement of the broad outlines of the agreement. They acknowledged the effort made by relevant agencies of the member countries in speeding up negotiations over the past two years and agreed to make a greater effort to finalise the document.
The leaders also welcomed the desires of Japan and several other regional countries to take part in the TPP negotiations.

The same day, President Sang, who has been in Hawaii for the 19th APEC Summit, met with Chinese General Secretary and President Hu Jintao, Russian President Dmitry Medvedev, and Australian Prime Minister Julia Gillard.
He also attended a Vietnam-US business dialogue during which he answered US businesses’ queries about Vietnam’s business and investment environment and the government’s efforts to stabilize the macro economy and control inflation.