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Vietnam to approve TPP-11 by November, prime minister says

Hanoi's ratification would be fourth of six needed for trade deal to take effect

The Trans-Pacific Partnership can enter effect once ratified by six members, and its 11 signatories hope to welcome new countries as soon as next year.
A port in Ho Chi Minh City. Some U.S. policy also benefits Vietnamese exports, such as a program that connects local enterprises to global companies.   © Reuters

HANOI -- Vietnam will likely ratify the 11-member Trans-Pacific Partnership trade agreement in a parliamentary session ending in November, Prime Minister Nguyen Xuan Phuc told Nikkei and other outlets Saturday, in what would be a major step toward bringing the deal into force.

The pact will help "draw out the maximum possible latent economic and trade potential" of Vietnam, Phuc said in his office in the Vietnamese capital ahead of a visit to Tokyo for Tuesday's Mekong-Japan Summit.

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