The Southeast Asian nation spent 35 billion USD on imports from CPTPP nations, theVGP cited the report released by the Government on the implementation of theCPTPP, during the January-August period.
With the above figures, Vietnam enjoyed a trade surplus of 6 billion USD.
Remarkably, Vietnam's exports to Canada and Mexico grew by 32% and 9.2% to 4.5billion USD and 3.2 billion USD, respectively.
CPTPP, a new-generation trade pact, was signed by 11 countries, namelyAustralia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,Singapore, and Vietnam in Santiago, Chile on March 8, 2018.
Eight months later, Vietnam ratified the trade deal that took effect on January14, 2019./.