Economic revitalization minister Toshimitsu Motegi suggested Thursday that Japan and the United States will aim to quickly conclude negotiations for a bilateral trade deal after a House of Councilors election in the summer.

At least 13 countries including Australia, Japan and New Zealand have opposed India’s proposal for strict criteria to determine the source country of a product, based on which they get tariff concessions or duties, in the 16-nation Regional Comprehensive Economic Partnership (RCEP) trade pact.

The WTO TFA will help micro, small- and medium-sized enterprises (MSMEs) further diversify exports and expand markets.

Vietnam is willing to create favourable conditions for foreign companies, including those from the US, to invest and expand business and production in the country.

The CPTPP is opening the door wide for Vietnamese tra fish, a major foreign currency earner, to enter the markets of 10 other members of the deal.

The Government of Vietnam will continue creating optimal conditions for US businesses, including Hanesbrands clothing company, to operate effectively in the Southeast Asian country.

The Government will adopt stricter penalties to prevent foreign goods being exported to the other markets under Vietnamese labels to avoid tariffs.

Vietnam’s textile and garment industry is striving to achieve export turnover of more than 40 billion in 2019, a year-on-year increase of 14-15 percent.

President Donald Trump said on Thursday that Canada and Mexico are completely in line on the new North American trade deal and it is up to the United States to get it passed.

Vietnam is facing four key challenges according to a Japanese expert.