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INTERNATIONAL > East Asia & Pacific

Japan, Vietnam reaffirm cooperation for early signing of new TPP

  • December 26, 2017
  • , Jiji Press , 10:20 p.m.
  • English Press

Hanoi, Dec. 26 (Jiji Press) — Japanese economic revitalization minister Toshimitsu Motegi and Vietnamese Prime Minister Nguyen Xuan Phuc reaffirmed on Tuesday the two countries’ cooperation for the early signing of a new Trans-Pacific Partnership multilateral free trade deal.

After his meeting with Phuc in Hanoi, Motegi told reporters that Japan and Vietnam are in “complete accord,” emphasizing that the two countries share the goal of signing the 11-member TPP by early March 2018. Japan, Vietnam and the other nine countries last month reached a broad agreement on the new TPP, after the United States pulled out of the original 12-country pact in January.

Vietnam, however, is insisting on the postponement of the application of rules for resolving labor disputes, and talks with relevant countries about the matter have run into difficulties.

Motegi also met with Vietnamese Industry and Trade Minister Tran Tuan Anh on Monday and Tuesday in the Vietnamese capital.

During Monday’s meeting, Motegi told Anh that the new pact will greatly contribute to strengthening the economic ties between Japan and Vietnam. Anh replied that Vietnam would like to negotiate with other TPP nations to solve the remaining problems.

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