CPTPP contributes to the recovery of economy, trade and supply chains
Vietnam attends a ministerial-level talk of the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Amid the complicated development of Covid-19, the CPTPP deal makes positive contributions to the recovery of the economy, trade, and supply chains in a world that has been severely affected by the pandemic, ministers from the CPTPP member countries including Vietnam affirmed.
Vietnamese Minister of Industry and Trade Nguyen Hong Dien attends the virtual ministerial-level talks. Photo: baocongthuong |
The virtual ministerial-level talk to review the implementation of the CPTPP was attended by ministers and senior officials from Australia, Brunei, Canada, Chile, Malaysia, Japan, Mexico, New Zealand, Peru, Singapore, and Vietnam. The event was hosted by the Japanese Minister for Economic and Fiscal Policy Nishimura Yasutoshi on September 1.
The Vietnamese delegation, led by Minister of Industry and Trade Nguyen Hong Dien, participated in the meeting and put forth many ideas, contributing to the overall success of the meeting.
At the meeting, the ministers stressed they will maintain and strengthen the multilateral trade system with a focus on the World Trade Organization (WTO), and pledged to work closely with other WTO members at the upcoming 12th Ministerial Conference.
The ministers discussed the expansion of the CPTPP and agreed to hold the first working group meeting to discuss the UK’s entry.
The ministers expected the UK to be ready to fully comply with all obligations of the CPTPP and believed the completion of the UK accession may have great importance in allowing the CPTPP rules to apply beyond the Asia-Pacific region.
In addition, the ministers also emphasized that any economy that is ready to meet the high standards and ambitious market-opening commitments of the CPTPP is welcome to join the deal.
At the end of the meeting, the ministers approved the decision on the establishment of the subcommittee on e-commerce and the Joint Ministerial Statement.
The 6th meeting chaired by Singapore is expected to be held in mid-2022.
Other News
- Vietnam-Laos Industrial Park: New direction to strengthen bilateral ties
- Hanoi's foreign trade turnover hits US$60.1bn in 2024
- Vietnam confident of achieving 8% growth rate in 2025
- UK’s accession to CPTPP to benefit Vietnam’s exports in 2025
- Hanoi seeks greater efficiency in e-commerce tax management
- Hanoi's wet markets in decline amid changing consumer behaviors
- Heavy fines for unhygienic street vendors in Hanoi
Trending
-
Hanoi determined to enrich English learning for suburbs, rural students
-
Vietnam news in brief - January 12
-
Vietnam confident of achieving 8% growth rate in 2025
-
AI set to drive Vietnam's economic growth in 2025
-
Two Vietnamese cities in Asia's top five destinations for digital nomads
-
Prime Minister sets vision for Vietnamese football: Asian glory and World Cup dreams
-
Vietnam GDP expands by 7.09% in 2024
-
Hanoi celebrates New Year 2025 with art exhibitions
-
Hanoi Tourism: Paving the way for sustainable development