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TPP nations achieve progress toward new free trade deal

Hanoi, September 22 (VNA) - The Trans-Pacific Partnership nations have made progress toward a new free trade agreement slated for November following the US withdrawal from the pact, according to Japanese chief negotiator of the Trans-Pacific Partnership Kazuyoshi Umemoto.

Umemoto was quoted by Japanese news agency Kyodo as saying so to the press on September 22 after two days of negotiations in Tokyo. He also said chief negotiators of the 11 TPP member countries agreed to meet again next month, adding that they aim to clinch a new deal at the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in Vietnam in November.

During the latest round of negotiation, three working groups on legal, intellectual property and other issues discussed member countries’ requests for freezes on parts of the original agreement, particularly clauses introduced at the US request.

The TPP was signed in February 2016 by Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam, covering around 40 percent of the global economy.

The US withdrew from the pact after President Donald Trump took office in January.
By VNA/VNP

Vietnamese, Singaporean leaders agree to further deepen Comprehensive Strategic Partnership

Vietnamese, Singaporean leaders agree to further deepen Comprehensive Strategic Partnership

General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam held talks with Singaporean Prime Minister Lawrence Wong in Singapore on May 29, during which the two leaders agreed to further enhance the effectiveness of bilateral cooperation mechanisms and elevate strategic cooperation in line with the newly established Comprehensive Strategic Partnership.

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