31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
CPTPP contributes to the recovery of economy, trade and supply chains
Phi Nhat 14:43, 2021/09/02
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.

RELATED NEWS
TAG: CPTPP the UK ministerial-level talks
Other news
20:09, 2022/09/30
Vietnam-UK target US$10-billion trade turnover by 2023
UK trade minister Anne-Marie Trevelyan said the country wants to be a part of Vietnam’s development story in the 21st century, and fostering bilateral trade relations is among its priorities.
19:59, 2022/59/30
UK multinationals pledge long-term presence in Vietnam
Vietnam expects to create the utmost favorable environment for foreign companies to be successful in the country.
14:30, 2022/30/30
“Japan Street” to bolster Vietnam-Japan business cooperation: JETRO
More than 100 Japanese companies in the food industry and 30 in cosmetics are looking for partners and expanding business in Vietnam.
07:16, 2022/16/30
Vietnam, UK seek closer relations
Vietnam remains supportive and would serve as the bridge for the UK to expand its partnership with ASEAN, calling for the UK parliament to support ASEAN’s central role in the region, as well as Vietnam’s stance on regional security issues.
16:57, 2022/57/29
Media outlets and businesses form strong bond in difficult times: Experts
At a time of rampant unverified and fake news, official and credible information provided by the press has been guiding the businesses forward.
16:30, 2022/30/28
Vietnam's e-government procurement system set to launch in August
The e-GP would allow effective and transparent management of the public procurement process.