Canada has filed its notice of ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with New Zealand which acts as the depository country overseeing the deal’s implementation.
Ottawa (VNA) – Canada has filed its notice ofratification of the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) with New Zealand which acts as the depository countryoverseeing the deal’s implementation.
International Trade Diversification Minister of CanadaJim Carr met with New Zealand High Commissioner Daniel Mellsop to inform theratification on October 29 (Canada time).
According to Carr, Canada has completed necessary steps to ratify and implementthe wide-ranging trade deal between 11 Asia-Pacific nations.
Canada is the only among the seven largest advancedeconomies in the world (G7) with free trade access to all other G7 nations.Canada seems to be greatly beneficial from the CPTPP as once the agreement isimplemented, 99 percent of its current exports to CPTPP markets will be tarifffree.
Previously,Mexico, Japan, Singapore and New Zealand had ratified the CPTPP.
The Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) – the revised trade deal born out of theTrans-Pacific Partnership Agreement (TPP) following the withdrawal of theUnited States last year – will be provisionally enacted 60 days after it isratified by six countries.
The CPTPP is one of the most comprehensive trade dealsever concluded and strips 98 percent of tariffs for 11 countries with acombined GDP of more than 13.8 trillion USD and close to 500 million consumers.
The was signed by 11 member states,namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, NewZealand, Peru, Singapore, and Vietnam in March 2018.–VNA
Vietnamese businesses should actively prepare the best conditions to take the advantage of preferences to be brought by the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP), said experts at a seminar in Ho Chi Minh City on October 25.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was passed by Canadian Senate on October 25, paving the way for Canada to be among the first six countries to ratify the pact.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
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.
Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.
The target is to be completely free from plastic waste within two years. This can only be achieved if all parties implement the initiative with strong discipline.
Indonesia is taking new steps to improve protections for fishery workers, amid concerns over low wages, harsh working conditions, and limited access to social welfare.
The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
The new halal cooperation arrangement will streamline halal certification and product assurance processes, making it easier for New Zealand exporters to access the Indonesian market.
Illustrative image. (Source: dotemirates.com) 
