Regional Outlook, Global Perspective

VIETNAM RATIFIES TRANS PACIFIC PARTNERSHIP 11

Vietnam on Monday became the seventh country on Monday to ratify a sprawling Pacific trade pact set to come into effect later this year, despite US President Donald Trump’s pull-out from a deal he decried as a “job killer”, Agence-France Presse reports. Even without the US, the Trans Pacific Partnership remains a meaningful agreement, but its importance may yet be superseded by the Regional Comprehensive Economic Partnership (RCEP), a multilateral agreement led by China, according to NYU Shanghai professor Rodrigo Zeidan. Economic ministers representing members of the proposed RCEP, however, on Monday postponed the year-end target for reaching a “substantial conclusion” to the free trade deal, throwing its prospects into doubt.

13/11/2018 in Daily Briefs, Regions, Vietnam

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