(VOVworld) - Foreign Ministry spokesman Le Hai Binh said on Tuesday that the conclusion of TPP negotiations will enable Vietnam to expand cooperation with its leading partners.

He said “Vietnam values the resolve, remarkable efforts, flexibility, and creativity of TPP member countries to complete the agreement in a balanced, comprehensive manner with high standards, in Atlanta, the US, on October 5”.

“Together with current cooperation and connection mechanisms like the Regional Comprehensive Economic Partnership (RCEP) and the Transatlantic Trade and Investment Partnership (TTIP), the TPP conclusion marks an important milestone in promoting the multi-layered connectivity trend and maintaining peace, stability, and dynamic development in Asia-Pacific.”

“The deal contributes to diversifying markets and material supply sources, thus facilitating Vietnam’s deeper involvement in regional and global production networks and value chains. Vietnam will continue to increase the capacity of localities and businesses to implement earnestly TPP commitments and optimise its benefits, in preparation for the signing and ratification of the world’s largest free trade agreement.”