(VOVworld) - Vietnam and Mexico have agreed to establish a joint committee on trade, investment, and economic cooperation.

The agreement was signed in Auckland, New Zealand on Tursday on the sidelines of a signing ceremony of the Trans-Pacific Partnership (TPP) deal.

The committee will be co-chaired by Vietnam Minister of Industry and Trade Vu Huy Hoang and Mexican Secretary of Economy Ildefonso Guajardo Vilareal, who will manage economic, trade, and investment cooperation activities.

Forty years since the establishment of diplomatic ties, economic, trade, and investment cooperation between the two nations have seen vigorous development but is still below their full potential.

The establishment of the joint committee will give both sides a good opportunity to grasp huge opportunities presented by TPP, in which they are signatory states.