US businesses support Vietnam’s participation in TPP negotiations

April 17, 2013 | 15:50
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Several major US companies have affirmed their support for Vietnam’s participation in TPP negotiations and committed to expand their operations and investment in the country.

This was the outcome of meetings between Vietnamese Ambassador to the US Nguyen Quoc Cuong and leaders and businesses from the two US states of Kentucky and Ohio on April 10-12. The ambassador was joining his counterparts from other countries involved in the negotiations of the trans-Pacific partnership (TPP) agreement, in a working trip arranged by the US Business Coalition for TPP. 

During those meetings, Ambassador Cuong affirmed Vietnam gives priority to and is resolved to accelerate TPP negotiations together with other countries, adding that it is an important step in the country’s policy on renewal and international integration. 

The Vietnamese diplomat also called on US enterprises’ support to ensure that TPP will be a well-balanced agreement meeting the diverse interests of all member countries. 

The leaderships of General Electric and Procter&Gamble told the ambassador that they have plans to expand operations in Vietnam . Meanwhile, the United Parcels Service (UPS) representative said the company appreciated the Vietnamese government’s permission for UPS to establish a 100-percent foreign-owned company in the country.

Within the framework of the trip, Ambassador Cuong also granted interviews to three inter-state and regional radio stations of Dallas and Houston cities, Texas state, on TPP agreement and economic relations between Vietnam and the US.

VNA

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