Eleven American allies and friends met on the sidelines of the Asia-Pacific Economic Cooperation meeting in Hanoi last weekend in an effort to keep alive the Trans Pacific Partnership (TPP), the trade agreement they thought they had locked up with the United States last year.
The differences between India and China inside the Regional Comprehensive Economic Partnership (RCEP) offer opportunities for the United States, which has withdrawn itself from the 12-nation Trans Pacific Partnership, American lawmakers have been told.
In a stormy first foray overseas for Robert Lighthizer, the new U.S. Trade Representative failed to get Asian and Pacific countries to back the Trump administration’s “fair trade” agenda as the two sides disagreed over protectionism.
The Ministry of Industry and Trade will continue to work with large foreign distributors to promote exports of Vietnamese products.
A seminar “The Pacific Alliance (PA) and Việt Nam in the global context” was held in Hà Nội on Monday, aiming to support Việt Nam’s role as the ASEAN co-ordinator with the alliance.
The 11 countries still signed up to the Trans-Pacific Partnership yesterday announced they would look at ways to push ahead without the United States, which pulled out in January.
Vietnam and Thailand have targeted increasing trade turnover to $20 billion by 2020 based on the determination and proactive nature of the two governments and enterprises from both countries, Deputy Minister of Industry and Trade Do Thang Hai told the “Vietnam-Thailand Trade and Investment Embrace the Potential of the Strategic Partnership” conference held by the Ministry of Industry and Trade and the Thai Ministry of Commerce on May 23.
Trade ministers from the 11 remaining countries in the Trans-Pacific Partnership, after the U.S. withdrew, agreed in Hanoi on Sunday to promote the so-called TPP 11 trade liberalization deal.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
