The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into force in Vietnam on January 14. Goods exported to countries that have ratified the deal will enjoy new preferential tariffs.

Members of a landmark 11-nation Pacific Rim trade deal have signalled their openness to expand the agreement by taking in new members to form a stronger united front against the rise of protectionism.

Vietnamese Minister of Industry and Trade Tran Tuan Anh attended the first meeting of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Commission in Tokyo, Japan, on January 19, together with ministers in charge of economy and trade from 10 other member nations.

Mr. Warrick Cleine, Chairman & CEO of KPMG in Vietnam and Cambodia, tells VET how the CPTPP will affect Vietnam's economy in terms of trade and investment.

Ambassador of New Zealand to Vietnam, H.E. Wendy Matthews, tells VET how the CPTPP will offer more opportunities for Vietnamese and New Zealand businesses.

Other members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have pledged to cut some 77%-100% of tariff lines on Vietnamese ordinary goods, news site Vietnamplus reported, citing a statement from the Ministry of Industry and Trade.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has recently taken effect in Vietnam, which will bring about both opportunities and challenges for many fields, including agriculture.

ACCORDING to calculations by the National Centre for Socio-Economic Information and Forecasting under Vietnam’s Ministry of Planning and Investment, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will boost Vietnam’s GDP by $1.7 billion and exports by more than $4 billion by 2035, up 1.32 per cent and 4.04 percent respectively.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into force in Vietnam on January 14, will support free trade amid ongoing global trade tensions, according to HSBC Vietnam.

The prices of imported automobiles in the Vietnamese market may not reduce as much as expected after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect on Monday, according to the Ministry of Industry and Trade.