VN attends Mexico seminar on TTP negotiations
Addressing a seminar on the TPP negotiations and the prospects
awaiting member countries in Mexico City on October 31, Viet said that
the TPP will offer opportunities for Vietnam to access the greater international market and increase its exports while attracting more foreign investment, which will help it raise its position in the regional and international arena.
However, numerous challenges await the country in the future,
including pressure to open up its market as well as make changes to its
legal system. Domestic businesses will also face even stiffer
competition while the country’s human resources remain inadequate, he
said.
In early 2009, Vietnam was invited to join
the TPP negotiations as an associate member over three sessions and the
country officially joined the mechanism in October 2010 along with
Malaysia .
To date, the TPP member countries
include Brunei , Chile , the US , Malaysia , New Zealand ,
Australia , Peru , Vietnam and Singapore .
The seminar was jointly organised by the Mexican Centre for Research
and Teaching in Economics (CIDE) and Ministry of Economics to learn
from other countries’ experiences, as Mexico and Canada will both take
part in their first TPP negotiations in December 2012./.VNA