Acknowledging the outcome of the TPP Ministers’ Meeting that concluded Friday in Hawaii, U.S. Ambassador to Vietnam Ted Osius noted, “Vietnam’s entry into the TPP helps it reach its goal of comprehensive international integration. Of all the member countries, Vietnam stands to benefit the most.” The Ambassador’s remarks are underscored by a Peterson Institute for International Economics that concluded Vietnam’s entry into TPP will boost its GDP growth significantly.
The trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam announce that, after more than a week of productive meetings, we have made significant progress and will continue work on resolving a limited number of remaining issues, paving the way for the conclusion of the Trans-Pacific Partnership negotiations.
Ministers and negotiators leave Hawaii committed to build on the momentum of this meeting by staying in close contact as negotiators continue their intensive engagement to find common ground. Negotiators will also continue to work to formalize the achievements that have been made this week.
In this last stage of negotiations, we are more confident than ever that TPP is within reach and will support jobs and economic growth.
The progress made this week reflects our longstanding commitment to deliver an ambitious, comprehensive and high-standard TPP agreement that will support jobs and economic growth across the Asia Pacific region.