SUPA Youreverydayfish VietFish
Export potentials
CPTPP comes into effect on December 30
January 03, 2019, 10:35 AM
The comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially took effect on December 30, creating a free trade area for 11 signatories including Viet Nam.

TPP-11 Parties have agreed by consensus to suspend the application of a small number (totalling 22) of TPP provisions incorporated in the TPP-11 Agreement (Article 2). These provisions will, therefore, have no effect as a matter of international law until the Parties agree to end the suspension, which would also be by consensus.

The new trade deal cuts tariffs on agricultural and industrial products, ease investment regulations and enhance protection of intellectual property.

The CPTPP is one of the most comprehensive trade deals ever concluded and strips 98% of tariffs for the 11 countries with a combined GDP of over US$ 13.5 trillion and nearly 500 million consumers.

Australia, Canada, Japan, Mexico, New Zealand and Singapore became the first six signatories to ratify the pact, setting the stage for its entry into force.

Viet Nam became the 7th member to ratify the deal which is expected to help raise the country’s GDP and export turnover by 1.32% and 4.04% by 2035, respectively.

However, Vietnamese enterprises are supposed to deal with heavily competitive pressures./.


Quang Nam fishermen achieved a bumper fishing season (21/05/2020)
European Council okays free trade deal with Vietnam (06/04/2020)
Vietnam to beef up fight against illegal fishing (06/04/2020)
Back to top
Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
Head office in HCM city: No 7, Nguyen Quy Canh Road, An Phu Ward, District 2, Ho Chi Minh City, Vietnam
Tel: (+84 28) 62810430 / Fax: (+84 28) 62810437 - Email: vasephcmcity@vasep.com.vn
Rep. office in Ha Noi: 10 Nguyen Cong Hoan Street, Ngoc Khanh Ward, Ba Dinh District, Ha Noi City, Vietnam
Tel: (+84 24) 37715055 / 37715318 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
In charge of content: Nguyen Hoai Nam (Mr) – Deputy General Secretary of VASEP
Managing Editor: Phung Thi Kim Thu (Ms.) Tel: (+84 24) 37715055 (ext: 203)
Email: kimthu@vasep.com.vn