Washington, DC – The National Foreign Trade Council (NFTC) today welcomed news from the Asia-Pacific Economic Cooperation (APEC) leaders’ summit in Yokohama, Japan, that Vietnam has announced its decision to fully participate in the Trans-Pacific Partnership (TPP) Agreement negotiations. TPP partners also formally welcomed Malaysia to the negotiations, which announced its intent to join the talks on October 5, 2010. The NFTC released the following statement:
“Vietnam’s full participation and the addition of Malaysia will further the advancement of trans-Pacific economic integration and expand U.S. economic engagement in the Asia-Pacific region,” said NFTC President Bill Reinsch. “The TPP Agreement, once fully negotiated and implemented, has the potential to significantly boost the U.S. economy and help achieve the goals of the Administration’s National Export Initiative – increased U.S. exports and American jobs.”
“With so many dynamic economies represented at the negotiating table, the TPP Agreement could become the cornerstone of a new, more robust economic and commercial relationship between the United States and the Asia-Pacific region,” said NFTC Vice President for Regional Trade Initiatives Chuck Dittrich. “Malaysia is one of the top 25 largest export markets, for U.S. goods and services, and Vietnam is one of the top 50, so we are very pleased with today’s news coming out of the APEC Leaders Summit.”
Advancing Global Commerce for Over 95 Years – The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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