Vietnamese businesses have been increasingly interested in taking advantage of the trade agreement, the largest of its kind signed by the South East Asian country in recent years.

Two-way trade between Vietnam and Australia is expected to surpass the projection of 15 billion USD and set a new record in 2022.

Advantages brought about by free trade agreements (FTAs) such as EVFTA and CPTPP would gradually disappear if Vietnamese exporters do not act quickly to make the most of these advantages right now.

Prime Minister Pham Minh Chinh reaffirmed that the Vietnam’s economy would exceed expectations this year with an increase in GDP of 8 percent, in a speech at the National Assembly last month.

The Asia-Pacific region continues to be the largest contributor to the worldwide build-up of preferential trade agreements (PTAs), accounting for about half of PTAs worldwide.

Vietnam’s seafood exports to the CPTPP markets have increased considerably over the past three years since the trade pact came into force, making up one fourth of the country’s total seafood exports annually.

In advocacy of its dairy industry, New Zealand has today requested the establishment of a panel to hear its dispute against Canada regarding the administration of dairy tariff rate quotas (TRQs) under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

After nearly four years of implementation, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has become an important driving force for the export of goods to CPTPP member countries with impressive results.

According to the assessment, in three years, Vietnam as a member country has taken advantage of the CPTPP market quite well to increase its market share in America in comparison with other partners that have also ratified the CPTPP.

The 6th Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Commission meeting was held on October 8, 2022