Negotiators meet in Da Nang on the sidelines of the APEC 2017 Economic Leaders’ Week. (Photo: VNA) Da Nang (VNA) – Talks on pushing ahead the Trans-PacificPartnership (TPP) deal without the US reached an upbeat point, Minister ofIndustry and Trade Tran Tuan Anh said at the TPP Ministerial Meeting whichopened in the central coastal city of Da Nang on November 9.
Negotiators achieved consensus in some controversial issues, enabling the involvedparties to reach the final commitment package, Anh said at the two-day eventwhich took place on the sidelines of the APEC 2017 Economic Leaders’ Week.
The trade pact was officially inked on February 4, 2016 among 12 countries,including the US, Canada, Mexico, Peru, Chile, New Zealand, Australia, Japan,Singapore, Brunei, Malaysia, and Vietnam. TPP is a new-generation free tradeagreement with high level of commitment covering trade and non-trade issues.
However, after taking the office in January, 2017, US President Donald Trumpdecided to withdraw his country from the pact. The remaining TPP countries areworking toward a new deal that can move forward without the US.
After the latest negotiation round in Japan early this month, chief negotiatorsof the 11 TPP members expressed their hope to make progress at the APEC 2017 EconomicLeaders’ Week in Da Nang.
Earlier, at a press conference on APEC 2017 Economic Leaders’ Week on November2, Standing Minister of Foreign Affairs Bui Thanh Son said that in theframework of APEC, cooperation and regional linkage mechanisms, including TPP,must be characterised by voluntarism, mutual benefit and mutual respect.
Vietnam will join hands with other TPP members to gain the most robust result,Son highlighted.-VNA
VNA
