Center for WTO and Economic Integration

Research Report: Australia’s market potential for Vietnam from CPTPP and other related FTAs

16/04/2019

Date: April 2019

By: WTO Center and Integration - VCCI

As one of the 20 largest economies and one of the 10 most attractive destinations for FDI in the world, Australia has become one of Vietnam's most potential export and investment markets. Australia and Vietnam also have a lot of mutual market opening commitments. The two countries were parties to the ASEAN–Australia/New Zealand Free Trade Area (AANZFTA) since 2010. Australia and Vietnam have recently implemented the CPTPP which came into effect on December 30, 2018 for Australia and January 14, 2019 for Vietnam. In addition, the two countries are now members of the Regional Comprehensive Economic Partnership (RCEP) negotiations – a big regional FTA between ASEAN and its 06 trading partners.

With the aim to understand specific Australia's commitments and market potential from CPTPP and other related FTAs perspectives for Vietnamese goods, services, investment and labor, the WTO and International Trade Center of the Vietnam Chamber of Commerce and Industry (VCCI) with the support of the Australian Government through Australian Global Alumni Support Fund, conducted a study on “Australia’s market potential for Vietnam from CPTPP and other related FTAs”.

The Publication is attached below (Vietnamese version)