Conference on implementation of CPTPP opened in Can Tho

16:20 | 29/03/2019 Cooperation

A conference of the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) opened in Can Tho city on March 21 under the chair of Minister of Industry and Trade Tran Tuan Anh.

The delegation of MoIT at the working session with Can Tho city People's Committee

The event also attracted the participation of leaders from 19 provinces and cities in the South and representatives from hundreds of enterprises.

The conference is expected to disseminate information on Vietnam's commitments during the international economic integration process and preparatory work to effectively carry out the CPTPP.

“It can be said that the CPTPP opens a great opportunity for key export sectors of Vietnam, including agricultural products such as rice, fruits and aquatic products of the Mekong Delta region," Minister Tran Tuan Anh said.

He added that "Vietnamese enterprises exporting goods to CPTPP member countries will enjoy high tariff reductions, for example more than 93% of the tax lines from Australia, equivalent to 95.8% of the export turnover of Vietnam to this market."

Minister of Industry and Trade Tran Tuan Anh speaks at the conference

The minister emphasised that the Ministry of Industry and Trade (MoIT) will continue to work with the other relevant ministries to facilitate enterprises in implementing the commitments under the trade pact.

However, the CPTPP will also create challenges for Vietnamese enterprises, particularly high competitive pressure, the protectionism of domestic production from importing countries, and others.

He noted that the action program of the Government will concretise the provisions regarding specific sectors and markets, while completing the information system to supply for enterprises.

The CPTPP officially took effect on January 14, 2019. Vietnam approved the trade deal on November 12, 2018, opening opportunities to promote the export of various types of products.

Theo NDO