Joint statement on conclusion of negotiations on UK’s CPTPP accession issued

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).

Friday, March 31, 2023 15:29

Joint statement on conclusion of negotiations on UK’s CPTPP accession issued ảnh 1

Minister of Industry and Trade Nguyen Hong Dien and the Vietnamese delegation at the meeting. (Photo: MoIT)

Hanoi (VNA) –Representatives from member nations of the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) and the UK approved a joint statementat the ministerial level on the substantial conclusionof negotiations on the UK's accession to the CPTPP at theirvirtual meeting on March 31(Vietnam time).

The meeting was chaired by JapaneseMinister of Economy, Trade and Industry (METI) Shigeyuki Goto, who is also chairman of the UK’s Accession Working Group (AWG), and drew the attendance of ministers andrepresentatives of the CPTPP members - Australia, Brunei, Canada, Chile, Japan,Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam - and the UK.

The participants confirmed that the UK has provided commercially meaningful marketaccess offers of the highest standard on goods, services, investment, financialservices, government procurement, state-owned enterprises and temporary entryfor business persons.

Joint statement on conclusion of negotiations on UK’s CPTPP accession issued ảnh 2

Participants approved a joint statement at the ministerial level on the substantial conclusion of negotiations on the UK's accession to the CPTPP at the meeting. (Photo: baodautu.vn)

They agreed on the means by which theUK will comply with the existing rules contained in the CPTPP. The countries pledged to work together to prepare and verify the legal instrument of the accession.

They hailed Vietnam’ssuccessful hosting of the negotiations for the accession in late February andearly March, which contributed to the substantial conclusion of the process.

Addressing the event, Vietnamese Minister of Industry and Trade Nguyen Hong Dien expressed his delight that the CPTPPmembers and the UK have reached positive results in this round of negotiation andpromptly released the joint statement at the ministerial level on the substantial conclusionof negotiations on the UK's accession to theCPTPP.

He confirmed Vietnam’ssupport for the UK’s finalisation of procedures to join the CPTPP.

The CPTPP is one of the most comprehensiveand ambitious trade deals ever concluded. It is also one of the largest tradepacts in the world, covering 13.5% of global GDP and a market of about 500million people./.

VNA

#Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) #the UK #Nguyen Hong Dien #UK's accession to the CPTPP #Vietnam #Vietnam news #Vietnam News Agency

See more

Floating solar power plant on the Da Mi hydroelectric reservoir. (Photo: VNA)

EVNGENCO1 proposes three floating solar power projects in Lam Dong

15/05/2026 04:20

The projects are expected to help optimise the use of existing reservoir infrastructure, supplement clean electricity supplies for the national grid, and support the development of green energy in line with the revised Power Development Plan VIII.

Businesses showcase exemplary sustainable urban projects at the Tall Building Forum 2026 (Photo: VNA)

Ho Chi Minh City forum discusses sustainable high-rise urban development

14/05/2026 19:31

Cities like Ho Chi Minh City need to improve resource efficiency and pursue sustainable high-rise development strategies amid increasingly limited resources.

Can Tho, Belarus eye trade, investment opportunities

14/05/2026 16:54

Belarusian Consul General in Ho Chi Minh City Alexander Sidoruk said his working visit to Can Tho city exposes ample untapped economic potential. The Belarus side brings strengths in exporting fertilisers, crop protection chemicals, agricultural equipment, and high-tech products, and is interested in importing Vietnamese rice, coffee, rubber, seafood, and dairy products.

Retail fuel prices are simultaneously reduced from 15:00 on May 14. (Photo: VNA)

Retail fuel prices cut from May 14 afternoon

14/05/2026 15:46

Retail fuel prices were simultaneously reduced from 15:00 on May 14 following the latest adjustment by the Ministry of Industry and Trade (MoIT) and and the Ministry of Finance, with E5RON92 biofuel recording the sharpest decline.

A chip assembly and testing plant of Intel at the Saigon Hi-Tech Park in Ho Chi Minh City (Photo: VNA)

Intel deepens engagement in Vietnam’s semiconductor industry

14/05/2026 13:34

According to the Saigon Hi-Tech Park (SHTP) management board, Intel has relocated part of its production line from Costa Rica to SHTP as part of its global manufacturing restructuring strategy aimed at improving efficiency and competitiveness.

A shipment of Japonica rice certified as “Low-emission Green Vietnamese Rice” exported to Japan (Photo: VNA)

70,000 tonnes of rice granted “Low-emission Green Vietnamese Rice” label

14/05/2026 12:21

The certified rice has not only been exported to Japan but also reached markets in Europe and Oceania.

The seminar held by the Vietnam Trade Office in Morocco (Photo: Vietnam Trade Office in Morocco)

Trade office strengthens Vietnam – Morocco business connectivity

14/05/2026 11:28

Many Moroccan businesses expressed interest in establishing long-term direct import partnerships with Vietnamese manufacturers, particularly in agricultural products, processed foods and consumer goods.

A customer purchase E10 biofuel petrol at a PVOIL filling station on Thai Thinh street in Hanoi. (Photo: VNA)

Biofuel ready for nationwide rollout

14/05/2026 11:08

For biofuels, particularly E10, to develop successfully, stronger and more coordinated policies are needed, especially pricing mechanisms capable of creating a sufficiently attractive gap between E10 and mineral-based petrol, an expert has said.

Automobile manufacturing at a VinFast plant in Ha Tinh province. (Photo: VNA)

Auto industry split over proposal to scrap business conditions

14/05/2026 10:38

Some argue that removing conditions entirely could lead to an influx of low-cost imports and weaken domestic production capacity, while others say the current system imposes unnecessary costs and slows innovation.

Expanding intra-Asia trade and the reconfiguration of global supply chains helps Vietnam cement its position as one of Southeast Asia’s fastest-growing economies. (Photo baochinhphu.vn)

Singaporean banks see more opportunities in Vietnam

14/05/2026 10:16

Singapore’s banks are expanding their presence in Vietnam to seize opportunities from the market’s increasing integration into Asian trade and surging corporate financing needs.

Ho Chi Minh City is implementing a programme for developing intellectual property assets for the 2025-2030 period. (Illustrative image. Source: VNA)

Removing bottlenecks to promote intellectual property valuation

14/05/2026 08:52

As the economy increasingly shifts towards knowledge-based growth, innovation and digital transformation, demand for IP and technology valuation is becoming more urgent.

Reference exchange rate rises slightly on May 14

14/05/2026 08:37

The State Bank of Vietnam set the daily reference exchange rate at 25,126 VND/USD on May 14, up only 3 VND from the previous day.

Vietnam cements status as world’s No.2 coffee producer, robusta powerhouse

14/05/2026 08:32

Vietnam cements its position as the world’s second-largest coffee producer and leading robusta supplier, latest data by the United States Department of Agriculture (USDA) showed.

Technology companies place growing emphasis on compliance with intellectual property laws. (Illustrative photo: VNA)

Intellectual property key to helping Vietnamese firms escape outsourcing trap

14/05/2026 06:17

Companies that register industrial designs in both Vietnam and export markets, with properly licensed software, have significantly strengthened their competitiveness and tripled profit margins compared to five years ago.

An automobile assembly line of the THACO Truong Hai Group in Da Nang. (Photo: VNA)

Da Nang promotes investment attraction to achieve over 11% growth

14/05/2026 04:19

Da Nang's foreign direct investment (FDI) attraction showed strong growth, reaching 237.7 million USD, double the level recorded a year earlier. The city granted licences for 47 new FDI projects, approved capital adjustments for 16 projects and recorded 10 transactions involving capital contributions and share acquisitions in economic organisations.

Deputy Prime Minister Nguyen Van Thang speaks at the forum. (Photo: vneconomy.vn)

Vietnam pivots to selective, high-quality FDI attraction for sustainable growth: Deputy PM

13/05/2026 20:09

The FDI sector remains a key pillar of Vietnam’s economy, with more than 46,500 valid projects and total registered capital exceeding 543 billion USD so far. Disbursed capital has reached around 357.6 billion USD. The FDI sector contributes over 20% of GDP, accounts for around 70% of total export turnover, and creates jobs for millions of workers. Vietnam continues to rank among ASEAN’s leading FDI destinations despite global investment slowdowns.

A delegation from Phu Tho province visits the production line at Honda Vietnam. (Photo: VNA)

Honda Vietnam proposes investment incentives for hybrid, electric vehicle production

13/05/2026 18:57

Honda Vietnam called for reduced registration fees for hybrid vehicles to a maximum of 50% of the level applied to internal combustion engine vehicles of the same category. The company also called for stronger support for supporting industries and higher localisation rates in electric motorcycle production.