Chief negotiators of the 11 countries involved in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on July 18 met in Kanagawa prefecture of Japan to accelerate the completion of domestic procedures so that the deal will come into effect soon.
Representatives of CPTPP members at the signing ceremony in Chile last March (Photo: AFP/VNA)
Tokyo (VNA) – Chief negotiators of the 11 countries involved in theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)on July 18 met in Kanagawa prefecture of Japan to accelerate the completion ofdomestic procedures so that the deal will come into effect soon.
Head of the Multilateral Trade Policy Department under the Ministry of Industryand Trade Luong Hoang Thai led the Vietnamese delegation to the two-day event.
Japanese chief negotiator Kazuyoshi Umemoto expressed his hope that the dealwill take effect on the outset of 2019.
According to consensus among the 11 members, the deal will come into force 60days after at least six countries complete domestic approval procedures.Together with Japan and Mexico who finished all domestic procedures for theratification of the pact, Singapore and New Zealand will fulfill all processesthis year.
The participantsalso discussed measures to expand the CPTPP. Currently, Thailand and Columbiahave showed their interest in joining the deal.
The original Trans-Pacific Partnership (TPP) was signed by 12 countries inFebruary 2016 but US President Donald Trump pulled his country from the dealupon his inauguration in January 2017.
The remaining 11 countries, namely Australia, Brunei, Canada, Chile, Japan,Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, signed the pact andrenamed it the CPTPP in March 2018 in Chile.
The pact is expected to boost economic growth, create more jobs, reduce povertyand improve the quality of life for people in member countries.
It will create one of the world’s largest free trade blocs with a combinedmarket of 499 million people and GDP of around 10.1 trillion USD, accountingfor 13.5 percent of the global GDP.-VNA
Japan and Thailand agreed on June 27 to foster cooperation for the accession of Thailand to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The Japanese Diet on June 29 enacted a bill to implement domestic procedures before the ratification of the Comprehensive and Progressive Tran-Pacific Partnership (CPTPP).
Minister of Industry and Trade Tran Tuan Anh has proposed building a cooperation programme between the Vietnamese and Japanese Governments to effectively enforce the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Japan fulfilled domestic procedures on July 6 for the ratification of the Comprehensive and Progressive Agreement for Transpacific (CPTPP), becoming the second member to do so after Mexico.
Malaysian companies will be at a huge disadvantage and lose out to Vietnam in terms of trade investment inflow if the country chooses not to participate in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said a local official.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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.
Representatives of CPTPP members at the signing ceremony in Chile last March (Photo: AFP/VNA) 
