Related Keywords: brings both chances and challenges, cut trade barriers, foreign investment and an impetus for the country to change its development model, increase Vietnam’s exports, set common standards, Trans-Pacific Partnership, Vietnames textile and garment industry, Worlds largest free trade zone
The Trans-Pacific Partnership (TPP) deal, which aims to liberalize commerce in 40 percent of the world's economy, was reached following days of negotiations in Atlanta on Monday. The deal is now pending approval by lawmakers in all TPP countries, which include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S. and Vietnam. If approved, the TPP pact would cut trade barriers and set common standards for what will be the world's largest free-trade zone.
