How the CPTPP could widen inequality

In a bid to attract more investment and expand trade, Vietnam will soon officially implement its commitments to decrease and remove export and import tariffs, as well as eliminating state ownership in enterprises under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

Thai media on February 9 quoted Deputy Prime Minister Somkid Jatusripitak as saying that he had ordered the Commerce Ministry to submit a request to become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Vietnam will revise some laws to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the drafts will be submitted to the National Assembly in May.

The domestic dairy industry will face competitive pressure this year due to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to a report of the Rong Viet Securities Company (VDSC).

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.

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).

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.

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.

Smooth and effective implementation is the key to the success of CPTPP.