Minister of Industry and Trade Tran Tuan Anh (stand) and Japanese Economic Minister Toshimitsu Motegi at the signing ceremony (Source: VNA)Hanoi (VNA) – The participation in the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) has reflected a new level of Vietnam’sregional and global integration, according to Minister of Industry and TradeTran Tuan Anh.
He told reporters on the sidelines of the CPTPP signing ceremony that tookplace on March 8 in Santiago, Chile that the CPTPP membership shows Vietnam’s determinationto resolutely implement the Party’s strategy and the State’s policies onundertaking proactive, intensive and extensive international integration.
Theminister said as one of the founders of the TPP and CPTPP, Vietnam achievedmany purposes.
Inexternal politics, Vietnam affirmed its role in bilateral and multilateralpolitical forums in the region and the world.
Thecountry will have chances to refine a State of the rule of law and anincreasingly competitive economy on the basis of goods transparency and tradefacilitation in accordance with the principles of a market-driven economy.
Asthe founding country of CPTPP, Vietnam is able to protect and maximise itsinterests when considering other countries’ admission to the deal.
Economicand trade benefits tied with long-term strategic interests will make it easierfor Vietnam to take off in new and promising markets.
Furtherattention will be paid to growth momentums in the next decades via legal andinstitutional reform in non-traditional fields.
Askedabout challenges in the negotiations, Anh said it is a tense, complicated andprolonging process as member countries tabled many requests for the deal.Following the US’s withdrawal and the conclusion of the APEC Economic Leaders’Meeting and the 11th TPP Ministerial Meeting in Da Nang, 11countries did their best to achieve today results.
Asregards Vietnam’s preparations for CPTPP implementation, Anh said thegovernment will issue an action plan to specify tasks, especially reviewing andadjusting legal frameworks to match its commitments to the pact.
Later,the country will disseminate the deal’s contents to the public, with attentiongiven to the role and responsibility of State management agencies and thebusiness community.
Hestressed the need to establish mechanisms to hasten, oversee, and inspect CPTPPimplementation, adding that political organisations must also grasprequirements in the process.
Theminister affirmed that member states highly valued the quality of thenew-generation free trade deal.-VNA
