TPP impact discussed

by VTV416 June 2016 Last updated at 13:26 PM

VTV.vn - The Transpacific Partnership and its impact on Vietnam’s economy was once again discussed at a conference held this morning in the southern province of Ba Ria Vung Tau.

The event was co-organized by the NA Committee for External Affairs and the US Agency for International Development, with an aim to create a preparatory step for the Vietnam National Assembly to fully understand the terms of the agreement before the ratification process. Consent was reached among experts that Vietnam will be the biggest beneficiary among the 12 member countries. Once in effect, the agreement could boost Vietnam's GDP by 33.5 billion USD and exports by 68 billion USD by the year 2025.

However, experts also warned that in order to take full advantage of the TPP, Vietnam should review and complete its legal framework and institutional reforms under the TPP commitments.

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