The Vietnam Chamber of Commerce and Industry organises a conference in Can Tho city on November 27 to discuss the trade opportunities and challenges for Vietnam from the CPTPP (Photo: VNA) Can Tho (VNA) - A seminar titled“Opportunities and Challenges arising from CPTPP agreement for Vietnam’sseafood – fruits, vegetables – animal husbandry, meat processing industries” has been held in the Mekong Delta city of Can Tho.
Nguyen Thi Thu Trang,Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s WTO andIntegration Centre, said Vietnamese firms have managed to grasp theopportunities brought by the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP).
The trade deal hasbeen ratified by six members – Canada, Mexico, Japan, Singapore, NewZealand and Australia – and took effect in December last year.
Vietnam became theseventh member, acceding to it in January this year.
Trang said Vietnam’sexports, especially to Canada, have risen significantly since the CPTPP cameinto effect.
She said relevantagencies such as the Ministry of Planning and Investment would have plans todeal with the impacts of the agreement.
Nguyen Quoc Toan,Director of the Ministry of Agriculture and Rural Development’s Department ofFarm Produce Processing and Development, said the agreement has alreadyimpacted certain segments like vegetables and fruits, with their exports beingworth 3.5 billion USD this year.
Nguyen Thi Hong Thu, Directorof the Chanh Thu Fruit Import & Export Co. Ltd., said local firms have tostandardise their production and processing facilities to take advantage of thelower tariffs./.
VNA
