Prime Minister approves plan to implement CPTPP

08:45 | 30/01/2019 Cooperation

Prime Minister Nguyen Xuan Phuc has approved a plan to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Photo: moit.gov.vn

He required ministries, ministerial-level and governmental agencies, and People’s Committees of centrally-run cities and provinces increase the dissemination of information about the CPTPP and participating countries among the public, particularly groups likely to be affected by the deal such as farmers, fishing communities, cooperatives, and businesses, especially small- and medium-sized enterprises (SMEs).

The PM asked for focus to be placed on training officials from State management agencies in fields related to commitments under the CPTPP – such as investment, services, customs, government procurement, trade protection, intellectual property, agriculture, forestry and fishery, labour, and the environment – so that they clearly and precisely understand the specific content in order to implement the deal fully and effectively.

He made the order that information on CPTPP and other FTAs that Vietnam has joined be made available for domestic firms; along with forecasts about import-export markets, technical requirements, and regulations on goods trade management of participating countries.

Other key tasks of the plan are building programmes to support and increase the competitiveness of sectors, businesses (particularly SMEs), and farmers in line with international commitments; preparing solutions to back those bearing direct and major impacts from international market fluctuations, as well as assisting Vietnamese firms to join regional and global supply, value, and production chains.

The CPTPP officially came into force in Vietnam on January 14. Its 11-member countries account for 13.4% of the global GDP.

Theo NDO/VNA