China's Ministry of Commerce (MOFCOM) said that it has made informal contacts with member countries of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) to get to know everything about the free trade pact, a vice minister said on Wednesday.

Member countries of the World Trade Organization are aiming to resurrect a dormant system for resolving trade disputes that has been a point of friction between the U.S. and other nations.

The array of new-generation trade agreements (FTAs) signed in recent times shows the country’s strong economic and international trade potential, whilst providing plenty of opportunities for Vietnam to boost development in a new context.

The decline in global goods trade volumes caused by the Covid-19 pandemic appears to have been less drastic than predicted by the World Trade Organization (WTO) in late 2020, with export growth in Asia during the second half of the year matched by increased demand from other markets.

The Regional Study Report on Labour Productivity in ASEAN was launched virtually on February 23, providing an analysis of the current situations and concepts in the field across ten member states and looking into the feasibility of developing a regional index.

The United Kingdom’s trading aspirations in Asia will not negate its dependence on the European Union, nor will they unwind the dominant economic role of China in its neighbourhood. UK trade with Asia post-Brexit needs to be accompanied by efforts to engage Beijing in the strengthening of trade rules and disciplines.

Reforming the World Trade Organization’s paralyzed dispute-resolution body will be a key priority for the institution, but the process won’t be easy, incoming Director-General Ngozi Okonjo-Iweala said.

Former US President Donald Trump’s bombastic, go-it-alone strategy toward China, particularly on trade, was fundamentally flawed. Because an open multilateral trading system benefits the entire global economy, the Biden administration’s surest route to lessening bilateral tensions runs through the World Trade Organization.

The Ministry of Planning and Investment (MPI) has summited to the Government a draft decree on amending Decree 95/2020/ND-CP providing guidelines on procurement bidding under the Comprehensive and Progressive Trans-pacific Partnership Agreement (CPTTP).

New Zealand and Việt Nam on Wednesday added a new link to their flourishing agriculture relationship by signing an Agriculture Cooperation Arrangement at the first New Zealand – Việt Nam Agricultural Dialogue.