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CPTPP comes into effect for Vietnam on January 14

by NDO13 January 2019 Last updated at 23:26 PM

VTV.vn - 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.

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.

 

 

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