Vietnam attends first meeting of CPTPP Commission
| |
Minister of Industry and Trade Tran Tuan Anh addresses the meeting - Photo: congthuong |
At the meeting, the ministers adopted a joint statement affirming the determination to fully enforce the CPTPP in support of trade liberalisation, setting high and fair standards for trading activities in the 21st century as well as fostering economic growth and bringing about benefits to both people and enterprises.
They also approved four important decisions, covering the CPTPP Commission’s operation mechanism; the process, procedures and conditions for consideration and admission of new members; the process and procedures of the arbitral tribunal related to state-to-state settlement of disputes; and a code of conduct for arbitrators related to the settlement of disputes between an investor and a state.
In his opening remarks, Japanese Prime Minister Shinzo Abe affirmed that the member states are determined to do their utmost to ensure the CPTPP plays a leading role in trade liberalisation in the context of rising protectionism.
He said that the CPTPP remains open for any nation and territory which wants to join a high-quality agreement.
| |
Minister Tran Tuan Anh talks with ministers of other CPTPP member nations |
In an interview, Minister Tran Tuan Anh said that commitments are being implemented in an active, serious and full manner in the initial phase thanks to thorough preparations of the member states.
He voiced his belief that they will enforce the agreement effectively to bring about practical benefits to both people and enterprises.
According to him, three challenges facing Vietnam are pressure during the enforcement process; increasing competitiveness and capital in not only goods but also services; and measures to bring into full play opportunities brought by the CPTPP.
Koichi Ishikawa, a professor from the Institute of Asian Studies under the Asia University, said that the deal will help increase Vietnam’s exports of garments and textiles, footwear, farm produce, seafood and food to other member states.
He noted that the country’s supporting industry will face several difficulties, as Vietnam depends much on imported machines and equipment.
The CPTPP officially came into force on December 30, 2018 in Mexico, Japan, Singapore, New Zealand, Canada, and Australia, the first six countries to ratify the pact. The agreement took effect in Vietnam on January 14, 2019.
See also

Vietnamese firms participate in biggest food exhibition in RoK
09:09 | 01/06/2023 News and Events

Vietnam, RoK step up trade, locality-to-locality cooperation
08:52 | 31/05/2023 Vietnam and other regions

Vietnam willing to join efforts for CPTPP elevation, IPEF negotiations
09:01 | 30/05/2023 Vietnam and other regions

Minister receives Boeing Senior Vice President
12:27 | 28/05/2023 Vietnam and other regions

Vietnam urges more investment of AES in energy sector
07:01 | 28/05/2023 News and Events

Fruit, farm produce week underway in Hanoi
14:03 | 26/05/2023 Domestic market
See more news

Deputy PM Tran Luu Quang pays working visit to Japan
09:08 | 26/05/2023 Vietnam and other regions

Minister receives Slovenian Deputy PM and Minister for Foreign and European Affairs
10:00 | 25/05/2023 Vietnam and EU

Indian businesses explore opportunities in southern region
09:40 | 25/05/2023 News and Events

Vietnam, Israel cooperate to early enforce trade deal
09:11 | 23/05/2023 Vietnam and other regions

Trade office, embassy explore chances for Vietnamese firms in Africa
06:00 | 22/05/2023 Vietnam and other regions

Various activities held abroad to celebrate President Ho Chi Minh's birth anniversary
14:46 | 19/05/2023 News and Events

WTO Director-General hails Vietnam’s role at WTO
14:39 | 19/05/2023 News and Events

PM sets out on trip to attend expanded G7 Summit
09:13 | 19/05/2023 News and Events

Party, State leaders pay tribute to President Hồ Chí Minh on birth anniversary
06:00 | 19/05/2023 News and Events

Prime Minister welcomes WTO Director-General
21:10 | 18/05/2023 News and Events

Cement industry suffers financial losses during Q1
09:54 | 02/06/2023 Industry

A memorable summer with fireworks and fun festivals in Đà Nẵng
09:41 | 02/06/2023 Tourism

Top models to compete in national modeling reality TV show
09:30 | 02/06/2023 Lifestyle

Australian Prime Minister to pay official visit to Việt Nam
09:21 | 02/06/2023 Vietnam and other regions

Huge potential for Việt Nam - Mozambique cooperation official
09:13 | 02/06/2023 Vietnam and other regions
Multimedia

A memorable summer with fireworks and fun festivals in Đà Nẵng
09:41 | 02/06/2023 Tourism

Top models to compete in national modeling reality TV show
09:30 | 02/06/2023 Lifestyle

Favourable visa policy urged to draw foreign tourists to Việt Nam
06:00 | 01/06/2023 Tourism

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target
14:38 | 30/05/2023 Tourism

International festival provides platform to young musicians
06:00 | 30/05/2023 Lifestyle

Deputy PM urges acceleration of electricity licensing for finished wind, solar power projects
10:06 | 25/05/2023 Policy

Specific mechanisms, policies needed to drive HCM City’s growth
06:02 | 20/05/2023 Policy

PM approves National Power Development Plan VIII
14:20 | 17/05/2023 Policy

Chip-based passports can be provided online, sent via post
07:00 | 13/05/2023 Policy

Cement industry suffers financial losses during Q1
09:54 | 02/06/2023 Industry

Việt Nam has major opportunities to engage in global Halal industry Deputy minister
06:00 | 31/05/2023 Industry

Cut on automobile registration fees to facilitate auto industry
14:33 | 30/05/2023 Industry

Suitable solutions needed for each sector
06:00 | 30/05/2023 Industry

FDI enterprises urge investment environment improvement
06:00 | 01/06/2023 FDI

Vietnam's five-month FDI rises sharply nationwide
13:03 | 29/05/2023 FDI

Binh Phuoc’s potential introduced to Australian partners
10:13 | 26/05/2023 Investment

Da Nang calls for investment in 10 logistics centre projects
14:57 | 23/05/2023 Investment

Important: Multi-target monetary policies needed
06:00 | 02/06/2023 Finance-Banking

Dozens of commercial banks cut savings interest rates
09:31 | 30/05/2023 Finance-Banking

Central bank continues to reduce policy interest rates
06:12 | 27/05/2023 Finance-Banking

Nearly 2.3 billion USD in state capital saved in 2022: Gov't report
06:09 | 25/05/2023 Finance-Banking

PM urges stronger wildfire prevention measures amid strong heatwaves
06:00 | 28/05/2023 Environment

Vietnam targets development of green, plastic waste-free tourism
06:00 | 28/05/2023 Environment

Đồng Nai afforestation programme kicks off
06:00 | 27/05/2023 Environment

New task force promotes innovation and financing for plastic waste reduction
14:30 | 26/05/2023 Environment

Internet speeds up as four of five undersea cables repaired
08:56 | 02/06/2023 Science - Technology

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav
16:29 | 30/05/2023 Science - Technology

Hanoi hosts Vietnam - Asia DX Summit 2023
16:15 | 26/05/2023 Science - Technology

Hanoi Transerco applies technology to improve public bus services
16:06 | 26/05/2023 Science - Technology

New Zealand provides 40 full micro-credentials scholarships for Vietnamese learners
16:23 | 26/05/2023 Society

Mong Cai city imports electricity from China’s Dongxing
10:37 | 25/05/2023 Energy

Seminar discusses orientations for rapid and sustainable national development
07:15 | 22/05/2023 Society

M&A to pick up in property market
07:00 | 19/05/2023 Property

• Tripadvisor highlights the sole hotel in Da Nang in the prestigious Travelers' Choice Best of the Best award
09:30 | 28/05/2023 Vietnamese Brands

Pfizer Vietnam, VNVC sign MoU to protect public health
09:00 | 26/05/2023 Vietnamese Brands

Vietjet offers 50% discount on SkyBoss Business tickets
08:55 | 26/05/2023 Vietnamese Brands

Positioning Vietnam’s Green National Brand
06:00 | 26/05/2023 Vietnamese Brands

Top models to compete in national modeling reality TV show
09:30 | 02/06/2023 Lifestyle

International festival provides platform to young musicians
06:00 | 30/05/2023 Lifestyle

Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History
06:00 | 28/05/2023 Lifestyle

Vietnam’s broken rice among top 100 most delicious rice dishes in the world
07:06 | 27/05/2023 Culture

A memorable summer with fireworks and fun festivals in Đà Nẵng
09:41 | 02/06/2023 Tourism

Favourable visa policy urged to draw foreign tourists to Việt Nam
06:00 | 01/06/2023 Tourism

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target
14:38 | 30/05/2023 Tourism

Da Nang - A destination with the most beautiful mountainous scenery in Asia
09:00 | 24/05/2023 Tourism