He said the CPTPP inherited its advanced rules of origin and origin procedure from the Trans-Pacific Partnership, encouraging the integration of member countries and aiming to form a complete supply chain. At the workshop, experts discussed tax policies and customs procedures as well as rules of origin of goods in the CPTPP. However, opportunities also come with challenges as businesses have to compete with goods of importing countries in Việt Nam,” Thăng said. The CPTPP agreement gathers 11 member countries, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Việt Nam. The deal took effect from December 30, 2018, while Việt Nam ratified the agreement on January 14, 2019.

Source: Viet Nam News May 29, 2019 04:18 UTC