UK International Trade Secretary Liam Fox on October 31 welcomed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)’s taking effect later this year.
UK International Trade Secretary Liam Fox (Source: AFP/VNA)
Hanoi (VNA) – UK International Trade Secretary Liam Fox on October31 welcomed the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP)’s taking effect later this year.
CPTPP is the new name of the Trans-Pacific PartnershipAgreement (TPP) with 11 signatories after the US’s withdrawal.
“Fantastic to seenews today on the Trans-Pacific Partnership - a further milestone in the spreadof global, rules-based trade,” Liam Fox wrote on Twitter.
The UK has shown its interest in joining the agreement afterleaving the European Union.
Leaders from CPTPP member countries, including JapanesePrime Minister Shinzo and Australian PM Scott Morrison, have welcomed the UKconsidering joining the partnership, he added.
The CPTPP is one of the most comprehensive trade deals everconcluded, which will strip 98 percent of tariffs for 11 countries with acombined GDP of more than 10 trillion USD, or 13.5 percent of the world’s, and amarket of close to 500 million consumers.
It was signed by 11 member states, namely Australia, Brunei,Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, andVietnam in March 2018.
It is expected to take effect on December 30 this year afterAustralian Prime Minister Scott Morrison announced on October 30 that hiscountry had ratified the agreement.
Foreign media quoted Morrison as saying that Australia isthe sixth country coming on board, adding that the CPTPP is one of the most comprehensiveand ambitious trade agreements in Australia's recent history.
Meanwhile, Minister for Trade and Export Growth of NewZealand David Parker said Australia's ratification triggers the 60-daycountdown to entry into force of the agreement and the first round of tariffcuts.
Previously, Mexico, Japan, Singapore and New Zealand andCanada had ratified the CPTPP. Vietnam’s National Assembly will also vote onthe pact in its on-going sixth session.-VNA
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.
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.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is hoped to take effect in December 2018 after Australian Prime Minister Scott Morrison announced on October 30 that his country had ratified the agreement.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
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.
UK International Trade Secretary Liam Fox (Source: AFP/VNA) 
