FM Spokesman: TPP helps Vietnam expand cooperation

The fresh conclusion of the Trans-Pacific Partnership (TPP) agreement negotiations will enable Vietnam to expand cooperation and deepen her relations with leading partners in the region and beyond, Foreign Ministry Spokesman Le Hai Binh said on October 6.

“Vietnam highly values the resolve and remarkable efforts as well as 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 US, on October 5”, Binh said in reply to a reporter’s query on Vietnam’s response to the conclusion of the deal.

He noted that 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 n promoting the multi-layered connectivity trend and maintaining peace, stability and dynamic development in Asia-Pacific.

The deal contributes to diversifying markets and material supply sources, thus facilitating Vietnam’s deeper involvement in regional and global production networks and value chains, he said.

Vietnam will continue to increase the capacity of localities and businesses to implement earnestly the TPP commitments and optimise its benefits, in preparation for the signing and ratification of the world’s largest free trade pact, he added.-VNA