(VOVworld) - Vietnam and other TPP member nations welcome the Trade Promotion Authority (TPA) bill that is being considered by the US Congress and hope for early approval of the bill, said Head of the Party Central Committee’s Economic Commission Vuong Dinh Hue.

Head of the Party Central Committee’s Economic Commission Vuong Dinh Hue (L) and US Trade Representative Michael Froman pose for photos at a meeting in Hanoi on April 22, 2015. (Photo: Baocongthuong)

At a meeting on Wednesday in Hanoi to discuss progress of negotiations on the Trans-Pacific Partnership (TPP) with US Trade Representative Michael Froman, Hue noted that the TPP negotiation is important to Vietnam-US economic ties.
He urged the US to take into account Vietnam’s interest in accessing markets for garments and textiles, footwear, and farm produce. He urged the US to soon recognise Vietnam’s market economy, stressing that Vietnam will spare no effort to narrow its economic gap with other countries. The US trade representative affirmed the US’s determination to press ahead with the negotiation in order to finalize it this year.