President and CEO of Asia-Pacific Foundation of Canada Stewart Beck (Photo: VNA)Ottawa(VNA) – The signing of the Comprehensive and Progressive Trans-PacificPartnership agreement (CP TPP) in Chile on March 8 will open up manyopportunities for trade between Canada and Vietnam, said President and CEO ofAsia-Pacific Foundation of Canada (APF) Stewart Beck.
According to Beck,CP TPP is really important to Canada, as it gives the country unlimited accessto the Japanese market and other potential markets such as Vietnam andSingapore, with which Canada is yet to have a bilateral free trade agreement.
He said the dealwill bring Canada certain advantages in the Vietnamese market, and throughVietnam, helps it to enter the ASEAN.
According to Beck, Canadian people and businesses have come to realisethat Vietnam is a potential market thanks to publicity campaigns about the CPTPP. He expressed his belief that after two or three years of enforcement, theCP TPP will help further bilateral cooperation in fields of importance to bothcountries.
Having visited Vietnam several times to push the implementation of theWomen’s Initiative for Startups and Entrepreneurship (WISE) sponsored by theCanadian Consulate General in Vietnam and APF, the expert has his opinion onfields with great potential for bilateral cooperation after the CP TPP officiallytakes effect.
He said Vietnam will be able to increase the export of seafood and othergoods to Canada, and technology and service are also promising fields.
[Canadian minister underlines Vietnam’s role in CP TPP negotiation]
The Canadian sidehopes that with the official signing of CP TPP, and considering the largeVietnamese community and increasing numbers of Vietnamese students in Canada, moreopportunities for bilateral affiliation will be opened up based on the culturaland education bridges, Beck said.
The Comprehensive and Progressive Agreementfor Trans-Pacific Partnership (CP TPP) was officially inked at a ceremonychaired by Chilean President Micelle Bachelet in Chile on March 8.
Trade ministers of 11 countries participatingin the trade pact, namely Australia, Brunei, Canada, Malaysia, Mexico, Japan,New Zealand, Peru, Singapore and Vietnam, attended the event.
The ambitious deal came after the US pulled outthe Trans-Pacific Partnership (TPP) agreement last year. It sets high criteriain numerous fields, including labour, the environment, intellectual property,digital economy and cyber security.
Thepact will create one of the world’s largest free trade blocs with a combinedmarket of 499 million people and GDP of around 10,100 billion USD, accountingfor 13.5 percent of the global GDP.-VNA
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