The fresh conclusion of the Trans-Pacific Partnership (TPP) agreement negotiations will enable Viet Nam 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.

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

Foreign Ministry Spokesman Le Hai Binh (Source: VNA)

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

Viet  Nam 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.

(Source: VNA)