Domestic firms has shown strong capacity in making use of CPTPP (Photo: VNA)Hanoi (VNA) – Over three years since the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, Vietnam’s exports to member economies, especially Canada, Mexico and Peru have significantly increased, showing high adaptation capacity of domestic firms. Statistics showed that last year, Vietnam enjoyed growth in exports to all CPTPP markets, including Singapore, Malaysia, Japan, Australia, Canada, Mexico and Chile. According to To Hoai Nam, Vice President and Secretary-General of the Vietnam Association of Small and Medium Enterprises, over the past three years, Vietnamese firms have shown their strong capacity to adapt to the new normal situation and make full use of CPTPP to increase their exports. In addition, the ministry will continue to popularise commitments as well as rules related to origin, he said. The CPTPP consists of 11 members, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

Source: Viet Nam News September 10, 2022 14:49 UTC