Vietnam Will Work by Consensus on Future TPP

Hanoi - Vietnam affirmed today it will work with other members of the Transpacific Agreement of Economic Cooperation (TPP) in order to achieve consensus on future orientations for the Pact, given the uncertainty after the withdrawal of the United States.

That stand, expressed by the spokesperson of the Foreign Ministry, Le Thi Thu Hang, transcends after the meeting that representatives of another 11 nations luinked to the project held Tuesday in Toronto, Canada to analyze the possibility of implementing the pact without the presence before mentioned.

The spokesperson added that Vietnam considers its adherence to the TPP and other free trade agreements as a step forward to carry out its policy of an active integration to the global economy.

The quoted agreement was signed on February, 2016, also Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Perj, Singapur and the United States.

But the latter withdrew as soon as president Donald Trump arrived to the White House, last January, with which the treaty plunged into uncertainty because for its enactment it had to be ratified at least by six countries that represented 85 percent of the Gross Domestic Product of the bloc.

For that reason, it was also necessary to have the support of the most powerful economy, equivalent to 60 percent of the total of the initially expected twelve economies.

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