Vietnam concludes TPP talks with 11 nations

Thanh Nien News

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 The 12 Trans-Pacific Partnership ministers meet to discuss progress in the negotiations in Hawaii on July 31, 2015. Photo credit: Reuters
Vietnam has so far finished bilateral negotiations with all 11 participating countries for the Trans-Pacific Partnership (TPP), according to the Ministry of Industry and Trade.
Those countries are the US, Japan, Brunei, Malaysia, Singapore, Australia, New Zealand, Canada, Mexico, Chile and Peru.
From July 28-31, trade ministers from the 12 TPP nations met in Hawaii to seek agreement after five years of talks. On July 31, they ended their negotiations but no deal was made.
The ministers announced that they “have made significant progress and will continue work on resolving a limited number of remaining issues, paving the way for the conclusion of the TPP negotiations.”
However, the meeting turned out not to be fruitless for Vietnam, as Minister of Industry and Trade Vo Huy Hoang had bilateral talks with negotiators from the US, Japan, Malaysia and Mexico.
 (L-R) Vietnamese Minister of Industry and Trade Vu Huy Hoang, Singaporean Minister of Trade and Industry Lim Hng Kiang, Peruvian Minister of Foreign Trade and Tourism Magali Silva, New Zealand Trade Minister Tim Groser, Mexican Economy Secretary Ildefonso Guajardo, Malaysian Minister of International Trade and Industry Mustapa Mohamed, U.S. Trade Rep. Michael Froman, Japanese Economy Minister Akira Amari, Chilean Head of Trade Relations Andres Rebolledo, Canadian Trade Minister Ed Fast, Brunei's Second Minister of Foreign Affairs and Trade Lim Jock Seng and Australian Trade Minister Andrew Robb line up for a family photo at the Westin Resort in Lahaina, Maui, Hawaii, as they attend the Trans-Pacific Partnership (TPP) talks, July 30, 2015. Photo: Reuters/Marco Garcia
So far, Vietnam has finished all bilateral negotiations with other countries in the TPP, according to the ministry.
The 12 TPP nations failed to clinch a deal in Hawaii after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs, Reuters reported.

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