Adam Sitkoff, Executive Director of AmCham Vietnam
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Contact session focused on discussing important issues such as the Agreement on the Trans-Pacific Partnership (TPP), climate change, clean energy, etc. In addition, the two companies also signed a number of cooperation agreements.
Adam Sitkoff, Executive Director of AmCham Vietnam, said the TPP will bring numerous benefits and opportunities for companies, investors, workers, farmers and consumers in both Vietnam and the US. Once fully implemented, the TPP will pave the way for a digital economy, strengthen creative industries and help ensure fair competition.
Vietnamese, US businessmen meet together benefit from TPP
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US Trade Representative Michael Froman said Vietnam is now in a transitional period and should focus on enhancing its competitiveness. The most important issues include vocational training, carrying out agreements with labourers, and tackling pollution.
He noted it is necessary to remove all barriers and obstacles that hamper the growth of businesses, especially small- and medium-sized ones. All enterprises must be treated equally to compete under transparent regulations. The private economy should receive more opportunities to access big markets. Vietnam should also stimulate competition, attract foreign investment and develop supply chains, Michael Froman added.
Vietnamese Deputy Minister of Industry and Trade Tran Quoc Khanh said Vietnam uses free trade agreements like TPP or the EU – Vietnam Free Trade Agreement because it wants to help its products make inroads into global markets. By reducing import tariffs for many regional and global countries to zero, Vietnam will be more attractive to domestic and foreign investors, Khanh noted.
