Dr Le Truong Son, Rector of the HCM City University of Law, addresses the conference on October 19. (Photo: VNA)The event, held by the HCM City University of Law and France’s Université de Tours, attracted over 40 experts from 12 countries, namely Vietnam, India,Canada, the Republic of Korea, Indonesia, Morocco, Russia, Japan, France,Singapore, Thailand, and China. It was also attended by representatives ofagencies, organisations, and domestic and international businesses.
Dr Le Truong Son, Rector of the HCM City University of Law, saidAsia-Pacific, considered the economic engine of the whole world, gathersdynamic and strong economies with fast growth, attractive markets, and youngand industrious workforces.
Asian-Pacificcountries, holding strategic geo-political locations, have been thedestinations of the pivot strategies of many nations worldwide over the past severaldecades. Those strategies are not limited to trade or investment but also designedon the basis of calculations on many other aspects, including diplomacy and politics.
The pivot to Asia-Pacific strategies have been influencing thepolicies and law of countries in and outside the region. In particular, toimplement those strategies, trade liberalisation and investment protectionagreements, including global and bilateral ones, have been signed amongpartners in the region, as well as between the region and partners outside, Sonnoted.
Thoseagreements and their implementation are helping with security, sustainable development, economic growth, environmental protection, and humanrights protection at national, regional, and international levels, and support for developing countries. However, the problem is how toensure the enforcement of those deals proves truly effective in reality andprotects the interests of all enterprises as well as the rights of vulnerablegroups, according to the rector.
Prof.Michel Trochu, former legal expert at the European Parliament, said the EuropeanCommission has seriously considered a pivot to Asia-Pacific strategy. The EUhas expanded cooperation and stepped up the negotiation and signing of new freetrade agreements with important partners in the region such as the Republic ofKorea (in 2015), Japan (2019), Singapore (2019), and Vietnam (2020).
Likewise, economic and political changes have also boostedRussia’s enhancement of connectivity and cooperation with Asian-Pacificcountries, he added.
Atthe event, participants discussed the differences and similarities between theRegional Comprehensive Economic Partnership (RCEP) and the ASEAN - China FreeTrade Agreement (ACFTA), along with the Indo-PacificEconomic Framework for Prosperity (IPEF) and the RCEP’s impacts on the Greater Mekong Sub-region.
They also looked into the attractiveness of East Asiancountries, trade and investment potential and opportunities in the Great MekongSub-region, and the pivot to Asia policy of Russia./.
VNA
