Australia helps Vietnam navigate trade pact

TN News

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The Australian government just finished hosting a two-day workshop for Vietnamese officials, aimed at fostering Vietnam's participation in the Trans-Pacific Partnership (TPP).

The workshops, which ended on Thursday, provided concrete and practical technical assistance to ministries that will be involved in the TPP negotiations and in its implementation.

Formerly known as the Trans-Pacific Strategic Partnership Agreement, the TTP is a free trade pact initiated by Brunei, Chile, New Zealand and Singapore in 2005.

Negotiations for Vietnam to join the pact are scheduled to conclude by the end of 2012.

Current TPP Parties are Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, New Zealand, the US and Vietnam.

"TPP Parties are committed to expanding membership over time to other countries in the region that can commit to the TPP's high standard objectives," the Australian Embassy said in a statement.

The government of New Zealand also contributed to the workshop.

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