President Barack Obama will use every remaining day of his term to win congressional approval for the Trans-Pacific Partnership trade agreement, says the U.S. ambassador to Canada.
The defining factor behind Vietnam’s delay in formally approving the signed Trans-Pacific Partnership pact is the uncertainty over whether the US Congress will pass it. Such a caution is understandable and wise too because its approval will be meaningless and strategically problematic if the US, the driving force and lead architect of the TPP, fails to vote to implement the agreement.
The 12 countries that signed the Trans-Pacific Partnership free trade pact earlier this year agreed Monday they will not renegotiate the deal, Japanese TPP minister Nobuteru Ishihara said.
Prime Minister Shinzo Abe said Wednesday that Japan will support any Association of Southeast Asian Nations member countries that wish to join the Trans-Pacific Partnership free trade pact.
The National Assembly (NA) is reviewing and completing legal procedures that best suit the content of the TPP and will consider ratifying it shortly, NA Deputy Chairman Phung Quoc Hien has said.
Vietnam’s engagement in the Trans-Pacific Partnership (TPP) will better protect its workers by addressing issues relating to strikes, said an expert.
The Trans Pacific Partnership Agreement (TPP) was signed by twelve countries in February 2016. Despite the extensive media coverage of the TPP, relatively few detailed country-level studies have emerged on the impact of TPP. The objective of the seminar is to discuss and examine in greater detail the impact of the TPP on three Southeast Asian countries. In the seminar, three distinguished country economists from the region examined the potential economic impact of the TPP on three Southeast Asian countries that are participating in the TPP, namely, Malaysia, Singapore and Vietnam.
The Trans-Pacific Partnership, the largest regional trade accord in history, would set new terms for trade and business investment among the United States and 11 other Pacific Rim nations — a far-flung group with an annual gross domestic product of nearly $28 trillion that represents roughly 40 percent of global G.D.P. and one-third of world trade.
During his recent trip to the US, Singapore Prime Minister Lee Hsien Loong, along with US President Barack Obama, made a joint pitch for the ratification of Trans-Pacific Partnership (TPP) trade agreement. However, the hope that the TTP would form the foundation of a robust and prosperous East Asian security regime centered on economic integration and positive US engagement is fading as China has chosen to react to The Hague ruling by unilaterally redefining its role in East Asia in opposition to the security and economic regime the US is seeking to reinforce.
SINGAPORE: Prime Minister Lee Hsien Loong on Saturday (Aug 6) reiterated his commitment to the Trans-Pacific Partnership (TPP) trade agreement.