The Japanese and Mexican foreign ministers agreed Tuesday to coordinate on the steady enforcement of the Trans-Pacific Partnership and expand the 11-party free trade agreement's membership.

Vietnam boasts huge potential to increase shipments to Mexico, Peru and Chile – the three Latin American nations having high tariff-reduction commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

One year on from the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnam's two-way trade turnover with Mexico, Chile, and Peru has reached US$5.12 billion, with the country recording a trade surplus of US$3 billion.

Conclusion of RCEP makes Seoul membership in CPTPP more likely

Taiwan is working on “informal consultations” with member states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) before it formally applies to join the trade bloc, Ministry of Foreign Affairs (MOFA) spokeswoman Joanne Ou (歐江安) said yesterday.

The UK is seeking to forge closer trade links with Pacific Rim nations and Southeast Asia as part of its efforts to diversify economic partners post-Brexit.

A diversified supply chain and numerous free trade agreements (FTAs) have set the stage for a strong comeback for Vietnam's footwear and textile sector, said experts and industry leaders.

Vietnam’s trade turnover is expected to hit $540 billion this year, marking a year-on-year increase of $23 billion.

Taiwan will submit an application to join the revamped version of the Trans-Pacific Partnership once it has finished informal consultations with its existing 11 members, talks which are ongoing, the island’s foreign ministry said.

President Moon Jae-in said Tuesday that South Korea is considering becoming a member of a major Asia-Pacific free trade agreement, known as the CPTPP, as part of efforts to diversify its export market.