Deputies to the National Assembly debated documents on the ratification of the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) at the ongoing session in Hanoi on June 8.

Along with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Vietnamese garment and textile sector also needs a Vietnam-Canada free trade agreement or another bilateral deal to penetrate more deeply into the North American market, according to experts.

The future of the relationship between Canada and Vietnam is promising, especially in the field of trade thanks to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Ghislain Robichaud, Regional Director for Quebec and Nunavut under the Global Affairs Canada.

A conference has been held in Edmonton city in Canada’s Alberta province to discuss the role of Vietnam as a gateway for Canada to enter Southeast Asia during the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to which both Vietnam and Canada are members, has brought about many benefits to businesses of both sides.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), put into effect over three years ago, is expected to open up new export opportunities for Vietnamese goods, including aquatic products, according to insiders.

Representatives from member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the UK approved a joint statement at the ministerial level on the substantial conclusion of negotiations on the UK's accession to the CPTPP at their virtual meeting on March 31 (Vietnam time).

In the recent three years after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, trade revenue between Vietnam and other member countries has seen two-digit growth every year, said Director of the Multilateral Trade Policy Department under the Ministry of Industry and Trade (MoIT) Luong Hoang Thai.

Over three years since the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, Vietnam’s exports to member economies, especially Canada, Mexico and Peru have significantly increased, showing high adaptation capacity of domestic firms.

Vietnam recorded an export surplus of 6.28 billion USD in agro-forestry-fishery products in the first seven months of this year, according to the Ministry of Agriculture and Rural Development.

Vietnam is eying great opportunities in exporting aquatic products to the Japanese market thanks to the high level of openness of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to insiders.

The Ministry of Industry and Trade (MoIT) has forecast that total import-export revenue this year may reach a new record, at between 640 - 645 billion USD, with a slight trade deficit.

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.

Nishimura Yasutoshi, Japanese minister in charge of Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) negotiations has welcomed the United Kingdom (UK)'s commitment toward membership during an online meeting with UK Secretary of State for International Trade Liz Truss.

Canada’s westernmost province of British Columbia and the Asia-Pacific Foundation of Canada (APFC) held a webinar on May 27 to discuss opportunities for local firms in investing in Vietnam under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Vietnam’s exports and imports rose over 24 percent year-on-year in the first quarter, driven by the country’s free trade agreements (FTAs), an expert has said.

The UK made a formal request on February 1 to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the first accession application by a member outside the 11 participating Pacific countries since the trade deal came into force in 2018.

Vietnam’s current leaders, including those to be elected by the 13th National Party Congress, want the country to play a greater role internationally and to step up proactive international integration, said Carlyle A. Thayer, an Emeritus Professor of Politics at the University of New South Wales in Australia.

The UK-Vietnam Free Trade Agreement (UKVFTA) is an important factor ensuring the continuity of the dynamic and expanding bilateral trade relations between the two countries, affirmed UK Secretary of State for International Trade Elizabeth Truss.