Barack Obama actually said...

Companies who might have been thinking, you know what, if we want to access the Vietnam market, we've got to produce in Vietnam.

When 95 percent of the world's markets are outside of our borders, we've got to do even better than that.

The case to be made for why this is good for America is sufficiently strong.

As a consequence of this deal, Vietnam is not going to suddenly have U.S. labor standards.