Home / Knowledge / News / Textiles / Vietnam hopes to conclude TPP negotiations with US soon
Vietnam hopes to conclude TPP negotiations with US soon
17
Jul '15
Vietnam is hoping to soon conclude the ongoing Trans-Pacific Partnership (TPP) negotiations with the US, Vietnamese government website reported.
 
Speaking to the press on Communist Party general secretary Nguyen Phu Trong’s recent visit to the US, minister of industry and trade Vu Huy Hoang said issues related to the TPP negotiations were among the topics discussed by Trong during his meetings with President Obama, officials of some US agencies, organisations and the business community.
 
Both Vietnam and the US agreed to undertake reforms to meet high standards and comprehensiveness of the TPP, which includes implementation of requisite measures to meet the commitments of the ILO Declaration on Fundamental Principles and Rights at Work 1998.
 
Hoang said Trong’s visit has taken relations between the two countries to a higher level and he was hopeful that both sides will create forces to soon conclude TPP negotiations.
 
In 2014, bilateral trade between Vietnam and the US crossed $36 billion, with textiles and apparel contributing a major share. The US was also the seventh-largest investor in Vietnam last year.
 
Already, in anticipation of TPP, investors from several countries are making a bee-line to set up their manufacturing units in the textile-apparel value chain in Vietnam. (RKS)
 

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search