CPTPP's impact on foreign trade

by VTV412 March 2018 Last updated at 08:54 AM

VTV.vn - On March 8th, the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership was signed by 11 countries, including Vietnam.

The agreement is expected to foster free trade from North America to Asia and provide a boost for global trade. However, the agreement also poses challenges for several economic sectors. When cooperating with 10 other countries of the CPTPP, export products have to meet the requirements of each market. As a result, investment in processing is key in contributing to the prices of products and improving the competitiveness of businesses in the market.

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