The chief negotiators of the Trans-Pacific Partnership (TPP) wrapped up 10 days of intensive talks in Hanoi on Wednesday.
"We have committed to a focused work plan, which will allow us to boost momentum and make continued progress,” said Barbara Weisel, U.S. Chief Negotiator for TPP in a release issued the following day. "All countries involved want to reach a conclusion to unlock the enormous opportunity TPP represents.”
TPP negotiators from Vietnam and 11 other nations – the U.S., Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, and Singapore – made important progress on State-owned enterprises, intellectual property, investment, rules of origin, transparency and anti-corruption, and labor.
They also continued to move forward with their work to construct ambitious packages for preferential access to each other’s markets for goods, services/investment, financial services, and government procurement, according to the release.
Having reduced the number of outstanding issues, the U.S. and 11 other countries share a commitment to resolve the remaining issues as quickly as possible.
U.S. Trade Representative Michael Froman is scheduled to work bilaterally with his TPP counterparts in the coming weeks to advance the work.
He will meet with Deputy Prime Minister Vu Van Ninh in Washington next week.
The next round of TPP talks has yet to be scheduled.