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World / Asia-Pacific

Vietnam asks for US support in TPP negotiations

(Xinhua) Updated: 2014-02-12 14:25

HANOI -- Vietnam, the country claims to have "core interests" in several sectors including garment and footwear, urges the United States (US) for supporting it in balancing its interests in the on-going Trans-Pacific Partnership (TPP) negotiations.

Vietnamese Minister of Finance Dinh Tien Dung made the appeal while receiving the US Ambassador to Vietnam David Shear in capital Hanoi late Tuesday, reported the website of Vietnamese ministry of finance on Wednesday.

Concerning TPP negotiation process, Dung said Vietnam agreed with all TPP terms and reached high commitments in some terms, adding that Vietnam is determined and speeding up its efforts to conclude the negotiations soon.

According to Dung, Vietnam is an economy in transition and in great desire of restructuring state-owned economic sector and opening its market step by step.

The country needs a suitable route to realizing TPP commitments once joining the agreement, said Dung.

The US Ambassador to Vietnam David Shear, for his part, said at the meeting that the US puts priorities for TPP negotiations with Vietnam and hopes the two countries will be able to reach an agreement soon.

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