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Cuba workshop on Vietnam’s engagement in Pacific super deals

Major economic deals will assist Vietnam’s modernisation and industrialisation, heard a workshop themed “Vietnam and super agreements in the Pacific Rim” held in Havana, Cuba on June 26.
 
Cuba workshop on Vietnam’s engagement in Pacific super deals ảnh 1Assistant Prof. Dr. Cu Chi Loi at the workshop (Photo: VNA)
Havana (VNA) – Major economic deals willassist Vietnam’s modernisation and industrialisation, heard a workshop themed“Vietnam and super agreements in the Pacific Rim” held in Havana, Cuba on June26.

Researchers from the Cuba Centre for International Economic Research sketched out the geopolitical and economic significance aswell as position and benefit of each state joining the agreements, namely theTrans-Pacific Partnership (TPP), the Free Trade Area for the Asia Pacific(FTAAP) and the Regional Comprehensive Economic Partnership (RCEP).

Dr. Ruvisley Gonzalez from Cuba’s Centre forInternational Political Research said that Vietnam’s engagement in the threesuper deals is part of the country’s intensive global integration serving itsnational modernisation and industrialisation, with priority on spaces for thestrengthening and diversification of investment and trade.

At the same time, he also pointed out internal andexternal advantages and challenges that Vietnam has faced when joining theambitious agreements in the Pacific Rim that is considered the driving force ofthe world economy in the 21st century, he said.

As the keynote speaker of the event, Assistant Prof.Dr. Cu Chi Loi, head of the Vietnam Institute of American Studies under theVietnam Academy of Social Sciences, focused on analysing Vietnam’s process ofjoining the TPP, as well as the Vietnam-US relations and possible effects stemmingfrom the TPP.

He also evaluated the current status of the TPP afterthe US’s withdrawal.

Speaking on the sidelines of the event, Loi affirmedthat the workshop create a chance for Vietnam and Cuba to share experience anddeepen mutual understanding.

Meanwhile, Dr. Ruvisley Gonzalez hailed the Vietnam’sreform experience and its significance to Cuba’s update of socio-economic model.He also stressed that the two sides hold abundant opportunities to lift uptheir economic ties to match the sound traditional political relations.-VNA
VNA

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