Key agencies in charge of launching CPTPP named
VGP – PM Nguyen Xuan Phuc has signed a decision to task key agencies in launching the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).
The Ministry of Agriculture and Rural Development is assigned to hold responsible for food safety and animal and plant quarantine measures.
Customs management and trade facilitation as well as contents related to tax, insurance and stock will be monitored by the Ministry of Finance.
The CPTPP is a new free trade agreement consisting of 11 country members: Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Viet Nam.
The agreement was officially signed on March 8, 2018 in Santiago, Chile and has come into force since December 30, 2018 with the first six nations which completed ratification procedures including Mexico, Japan, Singapore, New Zealand, Canada and Australia.
For Viet Nam, the agreement took effect on January 14, 2019.
By Thuy Dung