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Vietnam likely to be the biggest winner of TPP trade deal

Related Keywords: benefit the Vietnam’s apparel, biggest winner of TTP trade agreement, China not party to trade accord, gross domestic product to boost, President Barack Obama's pivot to Asia, reduced import duties in the U.S. and Japan, Southeast Asian nation less reliant on China, trigger more investment, Vietnam relies on exports, Vietnam significant play

Vietnam is a significant player in President Barack Obama’s pivot to Asia as both the U.S. and Vietnam would like to see the Southeast Asian nation less reliant on China, which is not a party to the trade accord. Vietnam’s economy that relies on exports, is likely to be the biggest winner of the Trans-Pacific Partnership. In a decade, the country’s gross domestic product will be boosted 11 percent, or $36 billion, as a result of the world’s largest trade pact.

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