Home / Knowledge / News / Textiles / 'Vietnam needs unity in action to benefit from TPP'
'Vietnam needs unity in action to benefit from TPP'
18
Feb '16
Vietnam cannot fully capitalise on the newly signed free trade agreement, the Transpacific Partnership Pact (TPP) unless all the stakeholders – the government, the people and the enterprises work in unison, according to the prime minister Nguyen Tan Dung.

In the translated version of the article, 'TPP, Opportunities and Challenges – Our Action' written by Dung and posted on a Vietnamese government website, the PM said that the ruling party, the people and the business community should maintain unity in action to make the full utilisation of opportunities from the pact.

The role and actions of the stakeholders should be properly defined. They should together try to overcome challenges and improve efficiencies – which have become a priority, and thereby bring a proud moment for the country, according to Dung.

Businesses are a vital force in deciding. But a clear institutional framework and business environment is necessary, which is possible only with the help of the state. The market or the people contribute with ideas, comments and supervision of the implementation of policies.

Communication between the three should also be carried out well for awareness consensus and unity in action. Joining of hands of the stakeholders will bring the opportunities into full play.

The TPP pact holds immense potential, but there are also challenges in the way, he added. (MCJ)

Fibre2Fashion News Desk – India


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X