Expert groups of 11 members states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) convened their first meeting via videoconference on September 28 to discuss the UK’s entry to the pact.
Hanoi (VNA) - Expert groups of 11 membersstates of the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) convened their first meeting via videoconference on September28 to discuss the UK’s entry to the pact.
Chaired by Japan, the meetinglooked into the UK’s efforts to seek membership of the CPTPP, and its laws andregulations that need to be revised to meet criteria of the deal.
The UK hoped to carve out aniche for itself i๊n world trade as an exporter of premium consumer goods andprofessional services. Accession to the pact would supplement trade dealsLondon is seeking, or has already agreed, with larger members.
"This is a bigmilestone on our path to joining CPTPP, which will allow us to forge strongerlinks both with old friends and some of the world’s fastest-growingeconomies," UK Secretary of State for International Trade Anne-MarieTrevelyan said in a statement. Joining the CPTPP in itscurrent format could add around 1.8 billion GBP (2.5 billion USD) to the Britisheconomy over the long-term, or less than 0.1 percent of pre-pandemic grossdomestic product (GDP). While only a minimalgain for exports and economic growth, it locks in market access, including forthe legal, financial and professional services sectors.
Japanese minister in charge of CPTPP talks Yasutoshi Nishimura. (Photo: Kyodo)
The UKapplied to join the pact in February 2021 after leaving the EU last year. Foundedin 2018, the CPTPP commits to remove 95 percent of tariff lines among 11 memberstates, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico,New Zealand, Peru, Singapore and Vietnam. The free trade area accounts for anestimated 13 percent of the global GDP./.
A Vietnamese delegation, led by Minister of Industry and Trade Nguyen Hong Dien, attended at a ministerial-level talks of the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on September 1.
As one of the pioneer members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Malaysia is looking forward to welcoming China into the fold, anticipated to be as early as next year, according to Malaysia's national news agency Bernama.
Vietnam stands ready to share information and experience with China in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang has said.
The Vietnam-Mexico Joint Committee for economic, trade and investment cooperation convened its third meeting on September 24 via videoconference under the co-chair of Vietnamese Deputy Minister of Industry and Trade Do Thang Hai and Undersecretary for Foreign Trade in Mexico's Secretariat of Economy Luz María de la Mora.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
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The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.