The asia pacific economic cooperation

Illustrative image (Source: VNA)   Hanoi (VNA) - The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), scheduled to be inked in Chile on March 8 (local time), is expected to be a new driving force for the development of the Asia-Pacific region. One year ago, at a high-level dialogue hosted by Chile in March 2017, 11 countries, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam, discussed initial steps to “save” the ambitious Trans-Pacific Agreement (TPP) after the US’s withdrawal. They agreed to maintain the deal and renamed it CPTPP. On the context that trade protectionism is arising in many places around the world and causing negative impacts on the global economic growth, the birth of the CPTPP will make a great stride connecting economies on the Pacific Ocean rim. Chilean Foreign Minister Heraldo Munoz said that the deal would create favourable conditions to generate more jobs, … [Read more...] about CPTPP – driving force connecting Asia-Pacific

Canada's Minister of International Trade Francois-Philippe Champagne (L), New Zealand's Trade Minister David Parker (R) and Chile's Foreign Minister Heraldo Munoz (Source: VNA) Buenos Aires (VNA) – Canada, New Zealand and Chile made a joint statement on the sidelines of the signing ceremony of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in Chile on March 8 (local time), vowing to intensify cooperation within the agreement framework. Canada's Minister of International Trade Francois-Philippe Champagne, New Zealand's Trade Minister David Parker and Chile's Foreign Minister Heraldo Munoz highlighted the importance of establishing political understanding to jointly deal with CPTPP-related issues for the interests of each country’s people. They also committed to strengthening a mechanism to address disagreements between investors and the State, especially those in public policy.   Heraldo Munoz stressed that trade liberalisation is … [Read more...] about Canada, Chile, New Zealand boost cooperation within CPTPP framework

CP TPP will bring in huge economic benefits for Vietnam, says WB report - Illustrative image (Source: VNA) Hanoi, (VNA) – The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP) will bring in huge economic benefits for Vietnam, as according to a new World Bank report released on March 9 amid the fresh signing of the agreement by Vietnam and 10 other countries. According to the report titled “Economic and Distributional Impacts of Comprehensive and Progressive Agreement for Trans-Pacific Partnership: The Case of Vietnam”, multilateral trade agreements like the CP TPP will help boost Vietnam’s investment and export driven growth model. “Even under conservative assumptions, the report estimates that CP TPP would increase Vietnam’s GDP by 1.1 percent by 2030. Assuming a modest boost to productivity, the estimated increase of GDP would amount to 3.5 percent from CP TPP,” said Ousmane Dione, World Bank Country … [Read more...] about CP TPP to yield huge economic gains for Vietnam: WB report

President of the Vietnam Academy of Social Sciences (VASS) Prof Dr Nguyen Quang Thuan at the event (Photo: VNA) Moscow (VNA) – A delegation led by President of the Vietnam Academy of Social Sciences (VASS) Prof Dr Nguyen Quang Thuan attended an international symposium on Vietnam-Russia cooperation in Russia on June 4. The event, part of activities in the Vietnam Year in Russia and the Russia Year in Vietnam, was organised by the Institute of Economy under the Russian Academy of Sciences. Reports at the symposium analysed impacts of international situations and globalisation on the economies of Vietnam and Russia and compared the development models of the two nations. They also commented on Vietnam-Russia cooperation potential in the 21st century and within the framework of the Eurasian Economic Union - Vietnam free trade agreement. Participants said that as a scientific-technological power, Russia should bolster its science-technology strengths in the Vietnamese market … [Read more...] about Experts of Vietnam, Russia discuss cooperation in economic globalisation

Deputy Foreign Minister Le Hoai Trung (Photo: VNA) Hanoi (VNA) – The promulgation of Resolution 36-NQ/TW at the eighth session of the 12th Party Central Committee in October 2018 on the marine economic development strategy illustrates Vietnam’s broad strategic vision of turning the country into a strong maritime nation. In an article titled “Proactively enhancing and expanding external relations and international cooperation in maritime issues” published on Nhan dan (People) newspaper on January 11, Deputy Foreign Minister Le Hoai Trung said the resolution affirms Vietnam’s special attention to this matter. Trung, also head of the National Border Committee, said promoting foreign relations and cooperation in sea-related issues is one of the five major guidelines set in the resolution, aiming to build and maintain a peaceful, stable environment and legal order at sea as the basis for the safe and efficient use of maritime resources. Vietnam also wants … [Read more...] about Vietnam expands international cooperation in maritime issues