The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening up many opportunities for Việt Nam’s agricultural products to reach global markets. However, agricultural products are the most vulnerable commodity when it comes to trade disputes.

Vietnamese enterprises are being encouraged to tap into business opportunities in Canada as the nation actively calls for foreign investment in the wake of the CPTPP.

Tariffs on imported products including fruit and frozen foods from six member countries of CPTPP will be reduced to zero backdated to January 14 this year to 2022.

Preferential export taxes offered by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are expected to be promulgated this month. However, the tax reduction is only one of the incentives for Vietnamese goods when entering markets, not a ‘lifesaver’ for businesses, said the Ministry of Industry and Trade (MoIT).

The CPTPP is opening the door wide for Vietnamese tra fish, a major foreign currency earner, to enter the markets of 10 other members of the deal.

Việt Nam’s customs sector will help businesses carry out procedures while implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said a leader of General Department of Vietnam Customs.

Việt Nam’s seafood exports to the other 10 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have increased sharply since the agreement took effect earlier this year, according to the Ministry of Agriculture and Rural Development

The US food and agriculture industry says New Zealand is among those "stealing" markets from American exporters as pressure ramps up on the Trump administration to secure a trade deal with Japan.

The CPTPP will create a good chance for Vietnamese shrimp exporters to capitalise on the Canadian market, even though the Southeast Asian nation is already the top shrimp supplier there.

The Ministry of Industry and Trade (MoIT) has worked out comprehensive solutions to expand and seek more export markets for Vietnam’s goods, towards fostering the country’s export, especially to member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).