KUALA LUMPUR, Oct 31 — Despite Vietnam having benefitted from a free trade pact agreement with the US, an economist from the socialist republic has claimed that signatories to the new Trans-Pacific Partnership (TPP) agreement could experience unfair treatment from big competitors threatened by growing imports in wealthier economies like the US.
Citing experience from the bilateral trade pact Vietnam has with Washington, Dr Doanh Le Dang said the agreement did help boost Vietnamese shrimp and catfish exports into the US market, but only to face fierce resistance from American competitors who then exploited legal loopholes provided under the trade pact to stymie exports from its Vietnamese counterparts.
This has been excerpted from a 31 October 2015 news item by malaymail online and is available in its entirety at: http://www.themalaymailonline.com/malaysia/article/tpp-can-result-in-unfair-trade-vietnamese-scholar-says