Canadian minister underlines Vietnam’s role in CPTPP negotiation
Vietnam plays an important part in the negotiation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to Canadian Minister of International Trade Francois-Philippe Champagne.
In an interview, the Canadian official spoke highly of the leadership of Vietnam’s Prime Minister and Minister of Industry and Trade during the process.
Canada wishes to consolidate the relationship with Vietnam, he noted, adding that with CPTPP, the two nations can increase their trade exchange, particularly between small- and medium-sized enterprises of the two nations.
Canada and Vietnam will collaborate to ensure that the agreement will be effective and benefit people in line with commitments stated in the deal, the minister said, adding that he hopes the two countries will start with cutting tariffs to facilitate trade exchange.
He expressed his delight when Canada, together with Vietnam and other member nations, will establish regulations on trading in Asia-Pacific region in a fair, progressive and open manner, thus facilitating win-win, fair and balanced trade exchange.
Explaining the deal’s concepts of “comprehensive” and “progressive” initiated by Canada, the minister said the CPTPP aims to benefit not only big companies but also the people, adding that anyone can trade with new markets.
According to the Canadian minister, the CPTPP will benefit Vietnamese and Canadian people alike. The world will consider it a model for progressive and inclusive trade, he said.
The official signing of CPTPP took place in Santiago de Chile on March 8 (local time), with the participation of representatives from 11 member countries, namely Chile, Australia, Brunei, Canada, Malaysia, Mexico, Japan, New Zealand, Peru, Singapore and Vietnam.
The pact will come into force 60 days after it is fully ratified by at least six of the 11 members.
Source: Nhân Dân
102/ VN firms see positive impact from CPTPP
Sixty three per cent of businesses in Việt Nam believe the newly-signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade agreement will have a positive impact on their operations, according to an HSBC Group survey.
The survey, conducted between December 2017 and January 2018 by market research group Kantar TNS on behalf of HSBC of key decision makers at 6,033 eligible companies, sampled 26 markets around the globe, including six member countries of the CPTPP – Australia, Canada, Malaysia, Mexico, Singapore and Việt Nam.
Of around 1,000 firms based in these six markets, including 200 firms in Việt Nam, 46 per cent anticipate positive benefits from the trade agreement.
Winfield Wong, country head of Wholesale Banking, HSBC Việt Nam, said CPTPP is a big, ambitious deal for Việt Nam and it will greatly impact future growth, jobs and living standards.
“Now is the time for both firms and the Government to focus on implementing the agreement to achieve its full potential. It’s encouraging that many businesses are already expecting to see benefits.”
The revised version of the Trans-Pacific Partnership trade agreement was signed on March 8 in Chile without the US after President Donald Trump withdrew from the deal in November 2017.
The pact now includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Việt Nam.
Across the 11 economies involved, recent estimates from the Peterson Institute for International Economics (PIIE) suggest trade flows will be boosted by 6 per cent to 2030, with members enjoying total real income gains of US$157 billion every year, HSBC noted.
Source: Vietnamnews
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192