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Vietnam, New Zealand networking event discusses CPTPP

The Vietnam Trade Office partnered with the Wellington Chamber of Commerce and the ASEAN-New Zealand Business Council to run the Vietnam-New Zealand Free Trade Breakfast last week, discussing various trade issues.
Vietnam, New Zealand networking event discusses CPTPP ảnh 1Illustrative image (Source: VNA)
Sydney (VNA)– The Vietnam Trade Office partnered with the Wellington Chamber of Commerceand the ASEAN-New Zealand Business Council to run the Vietnam-New Zealand Free TradeBreakfast last week, discussing various trade issues.

The event gatheredrepresentatives from enterprises in Wellington and Auckland doing business inor have business transactions with Vietnam together with local trade promotionagencies.

It provided anopportunity to network and hear directly from key figures in Vietnam and NewZealand to gain a better understanding of the benefits of the two countries’trade relations, particularly as the Comprehensive and Progressive Agreementfor Trans-Pacific Partnership (CPTPP) is about to enter into force.

Speaking at the event,Vietnamese Ambassador to New Zealand Ta Van Thong gave the attendees anoverview of Vietnam’s economy, its CPTPP commitments relating to the domestic businessenvironment, and support services the Vietnam Trade Office offers to NewZealand companies. He also talked about trade relations between the twonations.

CPTPP Chief Negotiatorfor New Zealand Michelle Slade presented the structure of the CPTPP andbenefits of the agreement in terms of trade and services, investment,government procurement and others.

She further detailed onwhat the Government of New Zealand has done to implement the CPTPP and how thetrade deal is beneficial to Vietnam.

New Zealand businessesshared their practices in gaining access and doing business in Vietnam, as wellas their plans to make use of the CPTPP.

The Victoria Universityof Wellington shared its experience in market positioning and cooperation ineducation with Vietnam’s representative, while the New Zealand Trade Centre talkedabout their experience in expanding the beverage and fruit market in Vietnamand developing partnership to provide the country with advanced technology infood origin traceability.

Vietnam and New Zealandwere among the 11 CPTPP member states alongside Australia, Brunei, Canada,Chile, Japan, Malaysia, Mexico, Peru, and Singapore. It was signed in Chile inMarch and is expected to be effective this month.

The CPTPP is one of themost comprehensive trade deals ever concluded and strips 98 percent of tariffsfor 11 countries with a combined GDP of more than 13.8 trillion USD and closeto 500 million consumers.–VNA 
VNA

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