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Trade ministers reached an agreement on the TPP on Monday (05 October 2015) after five days of intensive talks, following their failure to reach consensus in Hawaii in late July.
The TPP is one of the largest trade agreements ever to be negotiated, involving some of the largest nations in the world with an annual gross domestic product of nearly $28 trillion that represents roughly 40 percent of global GDP and one-third of world trade. Countries participating in the negotiations include those throughout the Asia- Pacific region, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. The TPP is touted to be the 21st century trade agreement, set a template for regional and global trade and investment and incorporate next-generation issues.

Three areas remain ” … automobiles, dairy, and patent extensions for biologic pharmaceuticals.” The deal is portrayed as “98% done.” “… autos is the big issue, and once that is settled, dairy is not expected to delay a final agreement.”

A wave of American investment is hitting Vietnam’s shores in anticipation of benefits from the Trans-Pacific Partnership.
US Ambassador to Singapore Kirk Wagar told Deputy Minister of Planning and Investment Nguyen Van Hieu at last week’s meeting in Hanoi that the signing of the agreement (TPP), expected to be seen by the year’s end or early next year, and General Secretary Nguyen Phu Trong’s official July visit to the US, would both prompt a wave of US firms to invest in Vietnam in many sectors, including power, coal, and telecoms.

Vietnam is the most investment worthy place in ASEAN – this is a common response of many foreign investors when being asked about their investment plan in the upcoming years.
This is not an exaggeration about Vietnam’s current investment environment as well as its potentiality but is in fact based on valid and practical grounds, where improved economic diversification, international integration, reformed investment legislation and good economic policy must be counted.
Economic recovery and stable development