TPP will boost Vietnam-US ties: PM Dung

05 Dec '13

2 min read

The signing of the Trans-Pacific Partnership (TPP) agreement would provide a strong foundation for boosting ties between the 12 signatory countries, including Vietnam and the US, Vietnam’s Prime Minister Nguyen Tan Dung said at a reception for US Trade Representative Michael Froman in Ha Noi.

PM Dung said the Vietnamese Government would closely collaborate with the US to achieve the targets of the TPP negotiations, and hoped that the US would consider helping Vietnamese garment and textile exports, by giving an access to its market, Viet Nam News reported.

He hoped that during the TPP negotiations, the US would help create agreements tailored to benefit the two sides.

Mr. Froman said the successful negotiations for the TPP would increase cooperation between Vietnam and the US, especially in the fields of economics, trade and investment.

Mr. Froman applauded Vietnam’s efforts in TPP negotiations and said he expects Vietnam and the US to reach specific agreements in the future.

Separately, Mr. Froman also met Vietnamese President Truong Tan Sang, who told him that Vietnam will exert every effort to push up the signing of the TPP, involving both Vietnam and the US.

President Sang said he highly valued the coordination between Vietnam and the US during the TPP negotiation process.

He said the TPP plays a vital role in the foreign economic policies of both countries, as the agreement would open new cooperation prospects for both countries.

In reply, Mr. Froman said TPP is of strategic importance to the US in Asia-Pacific, and added that Vietnam would enjoy more favourable conditions to further its regional economic integration.

The American Chamber of Commerce in Vietnam expects Vietnam’s apparel exports to the US to reach US$ 8.5 billion in 2013, which would be a 10.4 percent growth over US$ 7.7 billion worth of exports made in 2012.

The TPP agreement, once signed and implemented, is expected to further boost Vietnamese apparel exports to the US.

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