The TPP will create great opportunities for trade by eliminating more than 18,000 tariffs on U.S.-made products sold overseas and establishing the highest standards on labor, the environment, and the digital economy ever to be included in a trade agreement. The agreement’s impact on trade between the U.S. and the five TPP countries with which the United States does not yet have a Free Trade Agreement will be particularly profound. These include large, well-established markets like Japan, where U.S. companies exported $66.8 billion in goods, and growing markets like Malaysia and Vietnam, where U.S. goods exports totaled $13 billion and $5.7 billion in 2014, respectively.
The Trans-Pacific Partnership provides great opportunities for expanded trade between Vietnam and the United States. The resources like the TPP Country Factsheets (see below links) and previously released 15 Industry Factsheets -all developed by staff at the Department of Commerce and available at http://trade.gov/tpp will provide useful information for anyone who wants to learn more about the TPP agreement and the trade opportunities.