Ministry issues plans for CPTPP implementation11/03/2019
The Ministry of Industry and Trade (MoIT) has issued a decision on plans for the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The decision details main targets and tasks assigned to each agency in the MoIT, along with requirements on deadlines and the outcomes of the tasks.
The main tasks, including the prompt building of legal documents on the CPTPP implementation, particularly in export-import management, trace of origin and competitiveness, will be carried out in two phases.
The first phase will begin this year, while the second will be launched in 2020-2025 period.
In addition, the ministry will step up communication work on the CPTPP in various media channels to ensure businesses’ understanding of the multilateral trade agreement.
Meanwhile, relevant agencies are instructed to devise measures to improve domestic firms’ competitiveness through export market development programmes, and provide support for them in trade protection cases.
Further, the MoIT will coordinate and participate in activities of the CPTPP Commission and sub-committees, as well as other tasks in the framework of the trade agreement.
- Without a China trade deal, the U.S. will hike tariffs: Trump
- US-China trade war has caused major shift in global trade landscape, says Li & Fung
- US and South Korea reach agreement on guaranteed market access for American rice
- S. Korea, Japan Fail to Narrow Gaps in WTO Talks on Tokyo's Export Curbs
- Trump misses his own deadline to impose ‘Section 232’ auto tariffs on foreign-made cars and parts