HÀ NỘI — With the eagerly anticipated conclusion of talks on the Comprehensive Partnership and Trans-Pacific Partnership’s (CPTPP) in late January, Việt Nam embarked on a still more difficult path. The country must improve productivity and administration and demonstrate an overall commitment to the free trade conditions of the agreement, lest its benefits are wasted on a workforce and business community that are not yet ready to meet global standards. Deputy Minister of Industry and Trade Trần Quốc Khánh, leader of Việt Nam’s negotiation delegation for CPTPP, said on the Ministry of Industry and Trade’s online portal in late January that he expected the agreement to represent a new generation of freedom of commerce, high standards and trade balance. Khánh said it would be sending a strong message of determination to accelerate economic growth, create jobs, improve social well-being, facilitate trade development … [Read more...] about Long-awaited CPTPP presents opportunities and pitfalls
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What can the CPTPP trade agreement bring to Vietnam?
VietNamNet Bridge - With Comprehensive and Progressive Agreement for Trans-Pacific Partnership - CPTPP (the former TPP without the US), Vietnam will miss many benefits it once expected to get because the country still doesn’t have an FTA with the US, while it has multilateral and bilateral FTAs with most CPTPP member countries. CPTPP is expected to be inked in MarchEleven TPP countries said they have completed negotiations for CPTPP, or TPP 11, after they unexpectedly reached consensus at a trade officials’ meeting in Tokyo on January 23. The agreement is expected to be inked on March 8 in Chile.Meanwhile, some countries such as South Korea, Taiwan, Thailand, Indonesia and the Philippines have shown their willingness to join the trade pact. … [Read more...] about What can the CPTPP trade agreement bring to Vietnam?
CPTPP to be signed in March
The contents of the new agreement have been agreed after a two-day meeting in Tokyo, Japan. The meeting was attended by high-level representatives of the eleven member states, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.At the Tokyo meeting, participants have resolved all outstanding issues, fixed the list of pending articles, and completed the process of legal appraisal. “As a result, the CPTPP negotiations have been completed. We are pleased with the outcomes,” Singaporean Minister of Trade and Industry Lim Hng Kiang informed.According to the new agreement, all firms from the 11 member states will access a market of over 500 million people and a total GDP of $10 trillion. The CPTPP started after the withdrawal of the US from the Trans-Pacific Partnership Agreement (TPP). Then, Japan has played a key role in fostering another agreement.The Japanese Minister for Economic Revitalisation said that the new … [Read more...] about CPTPP to be signed in March
CPTPP signing date set in March
CPTPP is a replacement pact after US President Donald Trump pulled his country out of the Trans-Pacific Partnership (TPP) agreement in 2017.The agreement was reached during a two-day meeting in Tokyo, Japan, where chief negotiators of the 11 member nations addressed disagreements among them, including Canada’s restricting foreign films to protect its cultural industries. … [Read more...] about CPTPP signing date set in March
Australia, Japan pledge to sign CPTPP by March
Australian Prime Minister Malcolm Turnbull (R) and his Japanese counterpart Shinzo Abe (Photo: EPA)Hanoi (VNA) – The prime ministers ofAustralia and Japan committed to having the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) signed by March.The commitment was made during talks betweenAustralian Prime Minister Malcolm Turnbull and his Japanese counterpart ShinzoAbe in Tokyo on January 18.The trade pact replaces the Trans-Pacific Partnership(TPP) agreement after President Donald Trump withdrew the US from the TPP inJanuary 2017.In his speech following the talks, Turnbull said: "Our strong preference is for all 11 countries to join the first wave butour focus is on bringing a new TPP agreement into force as soon as possible with those who are ready tomove.""We are consciously setting it up to enable andencourage the United States to dock in should it choose to do so in the future,"he added.Eleven countries met at the APEC Economic Leaders’Week in … [Read more...] about Australia, Japan pledge to sign CPTPP by March