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The domestic market is expected to see considerable changes in 2019 as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) became effective as from January 14, according to market watchers.

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Japan is set to lift 86 percent of the tariff lines for Vietnamese products in line with its commitments in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

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Being the deal’s co-founder, Vietnam has the rights to accept or refuse a third country joining the CPTPP, while future participants could not propose too many new clauses to the deal as they must accept existing conditions.

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Master Phung Thi Lan Phuong, Head of the Free Trade Agreement Office under the WTO and Integration Centre, under the Vietnam Chamber of Commerce and Industry (VCCI), spoke to Nhan Dan Online about the measures to help Vietnamese businesses take advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which officially came into effect in Vietnam from January 14.

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The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into force in Vietnam on January 14. Goods exported to countries that have ratified the deal will enjoy new preferential tariffs.

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Members of a landmark 11-nation Pacific Rim trade deal have signalled their openness to expand the agreement by taking in new members to form a stronger united front against the rise of protectionism.

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Vietnamese Minister of Industry and Trade Tran Tuan Anh attended the first meeting of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Commission in Tokyo, Japan, on January 19, together with ministers in charge of economy and trade from 10 other member nations.

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Mr. Warrick Cleine, Chairman & CEO of KPMG in Vietnam and Cambodia, tells VET how the CPTPP will affect Vietnam's economy in terms of trade and investment.

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Ambassador of New Zealand to Vietnam, H.E. Wendy Matthews, tells VET how the CPTPP will offer more opportunities for Vietnamese and New Zealand businesses.

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Other members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have pledged to cut some 77%-100% of tariff lines on Vietnamese ordinary goods, news site Vietnamplus reported, citing a statement from the Ministry of Industry and Trade.

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