Vietnam pushes for wide-ranging TPP deal

It is necessary to continue the joint efforts in the spirit of mutual understanding and shared benefits, he said.

Participants clarified that the deal was meant to nurture economic growth, create jobs, and improve competitiveness amongst its member economies.

At the end of the meeting, which took place on the sidelines of the 22 nd Summit of the Asia-Pacific Economic Cooperation Forum running from November 10-11, they adopted a joint statement detailing the specific course of action to speed up TPP talks in the near future.

Launched in March 2010, the TPP talks involve 12 diverse economies, including New Zealand, Chile, Brunei, Singapore, the US, Peru, Vietnam, Malaysia, Canada, Australia, Mexico and Japan.

The TPP accounts for approximately 40 percent of the world’s economic output and more than 30 percent of total global trade.

VNA/VOV.VN