President of the Vietnam General Confederation of Labour Bui Van Cuong (L) greets US Ambassador to Vietnam Ted Osius (Source: laodong.com.vn)
Hanoi (VNA)෴ – The US is working to ratify the Trans-Pacific Partnership (TPP) agreement, US Ambassador to Vietnam Ted Osius told President of the Vietnam General Confederation of Labour (VGCL) Bui Van Cuong at a meeting in Hanoi on August 10.
According to Lao dong (Labour) newspaper, the two sides exchanged the roadmap for Vietnam’s involvement in the world-largest free trade pact.
The Ambassador said President Barack Obama supported the ratification of the deal.
He expressed his belief that Vietnam will effectively implement its commitments under the TPP as it is doing for the World Trade Organisation.
With its role to protect the rights and interests of trade unionists, the VGCL is aiming to increase its membership, Cuong said.
As a political-social organisation, the VGCL operates according to the Law on Trade Unions approved by the National Assembly, he noted.
The confederation will engage in the revision of regulations as stipulated in Chapter 13 of the law, he said.
Ted Osius said the US Embassy is willing to provide technical assistance for the VGCL to improve negotiation skills to sign a collective labour agreement.
The TPP is a free trade agreement between 12 countries, namely Canada, Brunei, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, Australia, the US, Japan and Vietnam, which aims to remove tariff barriers for its members.
Once in force, the pact will create a free trade area of 800 million people and account for 30 percent of global trade and about 40 percent of the world’s economy.-VNA
Vietnamese Ambassador to the US Pham Quang Vinh said the freshly-concluded Trans-Pacific Partnership (TPP) agreement is strategically and economically important to Vietnam and other member countries.
The US has become Vietnam’s leading trade and investment partner, which has been reflected through impressive trade values between the two countries over recent years.
The Government has approved a report on the Trans-Pacific Partnership (TPP) so as to submit the deal to the 14th National Assembly for ratification at its first session scheduled for this July.
Vietnam should complete labour standards and relations in order to fulfill its commitments to employment and trade union in the Trans-Pacific Partnership (TPP) agreement.
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President of the Vietnam General Confederation of Labour Bui Van Cuong (L) greets US Ambassador to Vietnam Ted Osius (Source: laodong.com.vn)
