Ambassador Marantis, Vietnamese President Sang Talk TPP
Ambassador Marantis continued work on the Trans-Pacific Partnership (TPP) in Hanoi today, meeting with Vietnamese President Truong Tan Sang. With President Sang and in meetings with other key officials including Deputy Prime Minister Vu Van Ninh, Ambassador Marantis continued to discuss issues that are becoming more and more important to resolve as TPP moves closer to conclusion - specifically, access to Vietnam's services sector for competitive American companies, and overall market access for American businesses wishing to trade with Vietnam and support jobs at home.
With Vietnam's Minister of Environment and Natural Resources Nguyen Minh Quang, Ambassador Marantis discussed TPP's groundbreaking proposals to combat illegal trade in wildlife and illegal logging, as well as to address fisheries subsidies; he reiterated that the United States expects a final TPP agreement to have high-standard, fully enforceable commitments on the environment as well as on labor rights. For more on U.S. conservation proposals in TPP, see our green paper.
Two-way trade between the United States and Vietnam has grown from $1 billion in 2001 to $26 billion last year. The TPP can boost that growing trade further, supporting more American jobs through exports to Vietnamese consumers and through greater availability of affordable products that can contribute to finished goods Made-in-America for domestic sale or export.
For more on the TPP and its opportunities for U.S. businesses, workers, farmers, and ranchers, visit www.ustr.gov/tpp.