Vietnam Takes on the Trans-Pacific Partnership
The Trans-Pacific Partnership Agreement (TPP), which was signed on October 5, 2015, in Atlanta, Georgia, may significantly benefit Vietnam. Designed to stimulate trading among its 12 members—Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam—the TPP creates a number of opportunities for Vietnam’s small but rapidly growing export-oriented economy. To realize the gains, however, Vietnam needs to develop a yarn and an apparel industry, use the TPP’s phase-in for tightened drug standards to upgrade its pharmaceutical production, and make the best use of future foreign investments.
About the Authors
The Asia Program promotes policy debate and intellectual discussions on U.S. interests in the Asia-Pacific as well as political, economic, security, and social issues relating to the world’s most populous and economically dynamic region. Read more