17/09/2014 14:26 GMT+7 Email Print Like 0

Deputy PM Vu Van Ninh visits US to further TPP negotiations

Washington, September 16 (VNA) – Deputy Prime Minister Vu Van Ninh is on a working visit to the US from September 15-19 in a bid to accelerate the negotiations on the Trans-Pacific Partnership agreement (TPP) and bolster the two countries’ economic ties.

In his meeting with Trade Representative Michael Froman, Ninh proposed the US focus on the reduction of taxes for garment and footwear products in the negotiations and consider recognising Vietnam’s market economy status once the agreement is signed.

To speed up negotiations, the US should take a more flexible approach to intellectual property rights, Ninh said, adding that Vietnam would actively work with the US and other countries to seek acceptable solutions for all the involved parties.

Froman pledged to facilitate the entrance of Vietnamese garment and shoe products to the US market and asked the Vietnamese side to create favourable conditions for US pork and poultry to be sold in Vietnam.

The US side also promised to provide technical assistance for Vietnam to enforce its TPP commitments.

During a meeting with Secretary of the Treasury Jack Lew, the Vietnamese official urged the US to resume its provision of official development assistance (ODA) and preferential loans and increase the number of humanitarian programmes run in Vietnam.

He spoke highly of the US’ support for Vietnam’s programme on tackling money laundering and requested more technical assistance for officials in this field.

At the reception held by Secretary of Commerce Penny Pritzker, both sides confirmed their determination to open a direct air route between the two countries by 2015. Furthermore, they agreed to further enhance bilateral trade ties and speed up TPP negotiations.

The Deputy PM also met with Professor Jeffrey Schott, an expert on TPP at the Peterson Institute for International Economics. Ninh said the institute’s research and publications had helped Vietnam develop clearer approaches to international economic issues.