Mon. Apr 15th, 2024

More than 600 delegates from the 11 Trans-Pacific Partnership (TPP)
countries, including Vietnam, are in Singapore for Round 16 of TPP free
trade discussions, which kicked off on March 4.

The Vietnamese delegation is headed by Tran Quoc Khanh, Vice Minister
of Industry and Trade and Head of the Government Negotiation Team on
International Trade and Economic Integration.

According to Singapore’s Ministry of Trade and Industry, about
300 stakeholders comprising representatives from businesses, academies
and non-governmental organisations (NGOs) from around the world have
registered to attend the Stakeholders’ Forum on March 6 as well as
various seminars and panel discussion sessions throughout the round.

All 11 TPP parties, namely Australia, Brunei, Canada, Chile, Malaysia,
Mexico, New Zealand, Peru, Singapore, the United States and Vietnam,
are members of the Asia – Pacific Economic Cooperation (APEC).

Presently, the countries have a combined GDP of about 21 trillion USD,
accounting for over 50 percent of the total GDP of APEC’s 21 members.

This round of TPP free trade discussions is
expected to last till March 13. Three negotiating rounds are scheduled
this year prior to the October 2013 APEC summit in Indonesia.-VNA

By vivian