Deputy Prime Minister Vu Van Ninh has reiterated Vietnam’s political commitments to negotiating and realising the terms of the Trans-Pacific Partnership (TPP) for the benefit of all TPP members.
Meeting US Under Secretary of Commerce for International Trade Stefan Selig in Hanoi on January 22, Ninh expressed his hope for the US to take a flexible approach towards considering Vietnam’s core interests in apparel, footwear, farm produce, and aquatic products as well as support to the country’s execution of TPP commitments.
He also recalled the US’s support to Vietnam with the preferential trade agreement which has brought about major changes to national policies and improved the country’s eligibility to join the World Trade Organisation.
The Deputy PM felt confident that the visit will be the first of many high-level visits to celebrate the 20 th anniversary of diplomatic ties between the two nations.
Selig, for his part, mentioned a portion of President Barack Obama’s State of the Union speech, citing the TPP as a crucial component of economic growth for the US and TPP member states.
The guest expressed his satisfaction with Vietnam’s political commitments to TPP negotiations and implementation.
During his visit, Selig and other US officials will discuss issues of shared concern with relevant Vietnamese units, including opening the goods and service market to additional trading opportunities.
Once the TPP goes into force, Vietnam’s service exports are predicted to increase by 28 percent.
On the day, the US official was greeted by head of the Party Central Committee’s Economic Commission Vuong Dinh Hue who suggested the US quickly recognise Vietnam’s market economy.-VNA
Meeting US Under Secretary of Commerce for International Trade Stefan Selig in Hanoi on January 22, Ninh expressed his hope for the US to take a flexible approach towards considering Vietnam’s core interests in apparel, footwear, farm produce, and aquatic products as well as support to the country’s execution of TPP commitments.
He also recalled the US’s support to Vietnam with the preferential trade agreement which has brought about major changes to national policies and improved the country’s eligibility to join the World Trade Organisation.
The Deputy PM felt confident that the visit will be the first of many high-level visits to celebrate the 20 th anniversary of diplomatic ties between the two nations.
Selig, for his part, mentioned a portion of President Barack Obama’s State of the Union speech, citing the TPP as a crucial component of economic growth for the US and TPP member states.
The guest expressed his satisfaction with Vietnam’s political commitments to TPP negotiations and implementation.
During his visit, Selig and other US officials will discuss issues of shared concern with relevant Vietnamese units, including opening the goods and service market to additional trading opportunities.
Once the TPP goes into force, Vietnam’s service exports are predicted to increase by 28 percent.
On the day, the US official was greeted by head of the Party Central Committee’s Economic Commission Vuong Dinh Hue who suggested the US quickly recognise Vietnam’s market economy.-VNA
