Party boss notes Vietnam's efforts in global integration and its commitment to the TPP.
Within the framework of his official visit to the US, on July 6 (US time - the morning of July 7 Vietnam time), Party General Secretary Nguyen Phu Trong met with US Trade Representative Mr. Michael Froman.
General Secretary Trong congratulated Mr. Froman on the US Congress approving the Trade Promotion Authority (TPA), which is considered a positive sign for negotiations over the Trans-Pacific Partnership (TPP) to conclude at the end of this year.
Mr. Froman expressed his pleasure at meeting General Secretary Trong during his visit, and he believes that the relationship between Vietnam and the US in general and economic relations as well as bilateral trade in particular will see new developments following the meeting.
He also expressed his appreciation of the achievements in economic cooperation the two countries have seen after 20 years of normalized relations. The US will continue to cooperate with Vietnam on its path towards development and deeper integration into the global economy, he added.
General Secretary Trong emphasized that international integration has been a consistent policy of Vietnam and in recent years it has deeply and broadly integrated into the regional economy. “Our participation in the TPP expresses the consistent policy of integration taken by Vietnam,” he said.
Regarding the difficulties in joining the TPP, he said that Vietnam has the lowest level of development among all potential signatories. “Vietnam will therefore face many challenges ahead,” he said.
He therefore proposed the US consider Vietnam’s level of economic development during negotiations. He also expressed a desire that the US will open up its market to more Vietnamese goods and quickly recognize Vietnam as a market economy, especially as it is fully participating in the TPP and has pledged to meet all necessary standards.
Vietnam has shown its commitment to the TPP negotiations and will actively cooperate with the US and other countries in promoting an early conclusion to negotiations, he added.