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Official Gazette

Thursday, December 3, 2020

Nation joins Trans-Pacific Partnership

Updated: 14:52’ - 26/11/2010

Vietnam would participate in the Trans-Pacific Partnership (TPP) agreement negotiations as an official member, President Nguyen Minh Triet said on November 14 at the first-ever summit of TPP members on the sidelines of the 18th Asia-Pacific Economic Cooperation (APEC) Summit, in Yokohama, Japan.

He affirmed that Vietnam would work together with other members to turn the TPP into a new and dynamic regional economic integration tool for the benefit of member countries and contribute to promoting economic integration, growth and prosperity in the region.

The 18th APEC Summit successfully concluded with the adoption of the “Yokohama Vision - Bogor and Beyond” along with the Statement on 2010 Bogor Goals Assessment, the APEC Leaders’ Growth Strategy, and Measures towards a Free Trade Area of the Asia-Pacific (FTAAP).

The APEC Forum needed to continue making efforts to resolve the aftermaths of the global economic crisis and lift the world economy to a new stage of growth, Triet said at the first closed-door session on November 13.

He urged greater joint efforts of the international community, noting that the Asia-Pacific region, especially East Asia, continued to be a motive force for global economic recovery and growth.

In the new growth strategy, economic development should be associated with social development and environmental protection, Triet said.

The President urged APEC to boost cooperation to narrow the development gap among member states through greater commercial and investment connectivity, technology transfer, human resource training, and infrastructure development.

At the session, leaders from 21 Pacific Rim economies agreed to join hands in formulating an APEC growth strategy as well as to support global joint efforts and the global economic coordinating role of G-20.-

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