Fri. May 27th, 2022

Vietnam is joining 11 other countries at the 18th round of
Trans-Pacific Partnership (TPP) negotiations in Malaysia from July
15–25.

The parties involved besides Vietnam are Japan, the US,
Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru
and Singapore.

Negotiation sources said on July 16 that TPP
free trade negotiations remain stalled over five topics including the
key issue of market access or tariff elimination.

One
market access proposal under discussion calls for all parties to agree
on the removal of tariffs on all products before moratoriums are se up
on the removal of tariffs for certain products of special concern to TPP
participants, they said.

One of the source said it is likely that some of the decisions will be subjected to political decisions in the final phase.

The other four problematic issues are intellectual property rights,
environmental problems, labour and electronic commerce, it said.

The 11 TPP negotiation participants plan to broadly agree on the TPP
free trade agreement by October and sign the pact by the end of this
year.

Negotiations have ended on five of the 29
planned chapters – trade facilitation, standard unitiation,
telecommunications, development, small and medium-sized enterprises and
have effectively been completed on nine others, one of the sources said.

Japan is set to join the negotiations of July 23
amidst the current round of talks that started on July 15 in Kota
Kinabalu, eastern Malaysia.-VNA

By vivian