Vietnam ready to share experience to help UK join CPTPP

Vietnam is willing and ready to share its experience with the UK if the country wants to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Vietnam ready to share experience to help UK join CPTPP
Foreign ministry spokesperson Le Thi Thu Hang at Thursday press briefing in Hanoi. — VNA/VNS Photo Lam Khanh

Ministry of Foreign Affairs spokesperson Le Thi Thu Hang made the remarks on Thursday during a press briefing held in Hanoi.

“The CPTPP is a high-quality free trade deal with commitments to promote economic promotion between its member countries and foster trade liberalisation with respect to rules-based standards and international laws,” Hang said.

“All CPTPP members have agreed upon an accession process, and aspirant economies must fulfil the high standards set out in the agreement,” she continued.

“We have learnt that the UK has discussed the potential entry into CPTPP. As a member of CPTPP, Vietnam is ready to share information and accession experience with the UK if the country wishes to know,” Hang added.

The UK government website noted that on September 9, UK International Trade Secretary Liz Truss held talks between senior UK trade officials and chief negotiators from all 11 members of the pact to discuss potential UK membership.

“Joining CPTPP would send a powerful signal to the rest of the world that Britain is prepared to work with countries who champion free and fair trade,” Truss said.

“Membership would bring new opportunities for our go-getting businesses, more choice for our consumers, and provide us with greater economic security. Strategically, it would help us forge closer ties with the wider Pacific region and put us in a stronger position to reshape global trading rules,” she said.

 

Created in 2018, the 11-member free trade agreement – between Vietnam, Canada, Mexico, Peru, Chile, New Zealand, Australia, Brunei, Singapore, Malaysia, and Japan – represented 13.4 per cent of the world’s GDP at the time of signing.

Messages to UN

At the briefing, Hang also informed the press that for the first time, Vietnamese Party Secretary General and State President Nguyen Phu Trong would on September 24 send a message to the United Nations during UN General Assembly’s high-level week.

The event, running from September 21 to October 2, will be held with a mixture of face-to-face meetings in New York, the US, and teleconference format.

On September 21, Prime Minister Nguyen Xuan Phuc will send a video message to the UNGA’s high-level meeting to commemorate the UN’s 75th anniversary.

The messages conveyed come from the highest level of foreign affairs policies of Vietnam, Hang said, added that the move reaffirmed Vietnam as a responsible and proactive member of the UN as well as the country’s interests in addressing regional and global issues.  VNS

Vietnam gains higher exports to Canada, Mexico partly due to CPTPP

Vietnam gains higher exports to Canada, Mexico partly due to CPTPP

Vietnam has taken full advantage of the CPTPP to gain strong growth in exports to Canada and Mexico, according to the Ministry of Industry and Trade (MoIT).

CPTPP not proving a hit across the board

CPTPP not proving a hit across the board

Vietnam has been unable to gain export growth to all CPTPP member countries, according to the Ministry of Industry and Trade.

 
 

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