Leaders of 12 member states of the Trans-Pacific Partnership (TPP) have agreed to step up efforts to implement the free trade agreement as US President-elect Donald Trump has opposed the deal.
Hanoi (VNA) - Leaders of 12 member states of the Trans-Pacific Partnership (TPP) have agreed to step up efforts to implement the free trade agreement as US President-elect Donald Trump has opposed the deal.
The Kyodo News Agency quoted a senior Japanese official as saying that, in a meeting in Lima, Peru, the leaders affirmed their intention to advance domestic procedures such as ratification by parliaments of member states so that the US-led TPP can enter into force.
They underscored the significance of the pact, both economically and strategically, in ensuring stability and prosperity for the region.
According to the official, although it is unclear whether the free trade pact will come into force under a new Trump administration, the leaders did not discuss the possibility of implementing the TPP without the participation of the US.
US President Barack Obama was quoted by the official as saying his administration will continue efforts to win domestic support for the pact, which Trump has vowed to scrap once he takes office in January.
Meanwhile, the White House said President Obama "discussed his support of high-standard trade agreements like TPP, which level the playing field for American workers and advance our interests and values in the economically dynamic and strategically-significant Asia-Pacific region."
Obama also "urged his fellow leaders to continue to work together to advance TPP," it said.
For his part, Japanese Prime Minister Shinzo Abe said: "If we stop our domestic procedures, the TPP will be completely dead. It will be impossible for us to curb protectionism."
The leaders met on the sidelines of a two-day summit of the Asia-Pacific Economic Cooperation (APEC) forum, at which the 21 member economies are expected to underscore the importance of free trade and open markets as the world is faced with rising protectionism and stagnated trade growth.
APEC groups the TPP members - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam - and China, Hong Kong📖, Indonesia, Papua New Guinea, the Philippin♐es, Russia, South Korea, Taiwan and Thailand.-VNA
Japanese PM Shinzo Abe and his Singaporean counterpart Lee Hsien Loong discussed the Trans-Pacific Partnership (TPP) agreement and the East East issue at a meeting in Tokyo on September 28.
The Trans-Pacific Partnership (TPP) agreement, once approved by its member countries, is expected to benefit trade ties between Vietnam and Mexico thanks to tax preferences.
Representatives from ministries, sectors and legal experts gathered at a conference in Hanoi on October 27 to discuss the compatibility between domestic laws and the TPP.
Vietnam will continue its reform to improve business and investment environment to support enterprises and negotiate other agreement whether Donald Trump thwarts the Trans-Pacific Partnership or not.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Illustrative image (Source: xeneta.com)
