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CPTPP comes into effect for Vietnam on January 14

Updated: 16:12, 14/01/2019
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is set to come into force for Vietnam on January 14, following the National Assembly’s ratification on November 12 last year.

The trade pact already took effect for Mexico, Japan, Singapore, New Zealand, Canada and Australia on December 30, 2018.

With comprehensive commitments and high standards, the CPTPP is expected to boost trade, investment and economic growth in the Asia-Pacific region.

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The CPTPP is expected to boost trade, investment and economic growth in the Asia-Pacific region.

Vietnam’s Ministry of Industry and Trade (MOIT) is working with the Australian Embassy and the World Bank to build an information portal on the CPTPP in order to help Vietnamese enterprises to understand and take advantage of the trade pact.

The portal, expected to come online soon on the MOIT website, will provide businesses with the tools to look up specific commitments and rules concerning each sector and category of goods for members of the trade agreement.

For now, enterprises can visit the MOIT website to learn about general information, the commitments in major fields, opportunities and challenges, frequently asked questions and read the full text of the CPTPP.

CPTPP - opportunities and challenges to Bac Giang enterprises
(BGO) - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was signed on March 8, 2018 in Santiago, Chile. As a high standard and comprehensive free trade agreement, CPTPP is assessed by experts to bring both great opportunities and challenges in many fields to Vietnamese businesses, including those in Bac Giang.
 
Workers’ right must be ensured amid CPTPP implementation: unions
Trade unions should work to ensure workers’ rights and interests amid challenges arising from the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
 
Bac Giang firms advised on preparations in anticipation of CPTPP
The potential impacts of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Bac Giang’s enterprises were discussed at a workshop held by the provincial People’s Committee and Germany’s Friedrich Naumann Foundation for Freedom on July 19.
 
Vietnam is working to ratify CPTPP by the end of the year
Vietnam is carrying out procedures necessary to the ratification process of a trans-Pacific trade agreement it had signed in March.
 

Source: NDO

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