I am delighted with the successful conclusion of negotiations of the Trans-Pacific Partnership (TPP) Agreement. Congratulations to our negotiating teams who have worked so long and hard to make this happen.
With this monumental achievement, the United States and Vietnam are poised to become partners in a trading block that represents nearly 40 percent of global GDP. TPP is an ambitious, comprehensive, high standard and balanced trade agreement. It represents another important step forward to strengthen the economic ties between our two countries and further deepen our bilateral relationship in this, its hallmark 20th year of normalized bilateral relations.
We look forward to working with our partners in Vietnam and the other TPP member countries to implement this historic agreement. This agreement has the power to support jobs, create new opportunities, promote a fair global economic system, and transform the lives of hundreds of millions of individuals to ensure continued peace and stability in a fast changing world.