Hiệp định CPTPP gồm 07 Điều và 01 Phụ lục quy định về mối quan hệ với Hiệp định TPP đã được 12 nước ký vào ngày 06 tháng 2 năm 2016 tại Niu Di-lân
The CPTPP agreement expected to come into effect by the end of 2018, there will be more foreign investors choose to invest in Vietnam.
A new trade block emerges from the ashes of the TPP
In addition to 0% tax applied to many products as soon as effect of Decree 57, the remaining is eliminated as scheduled into 4 stages: from January 14th, 2019 to end of 2019, 2020, 2021 and 2022 equivalent to each tariff concessions.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership is a free trade pact based around the Pacific rim. Britain will become the 12th member, and the first to join since the partnership since its inception.
ALBAWABA – The United Kingdom (UK) formally signed a treaty to join a major trans-pacific trade pact Sunday, news agencies reported.
CPTPP is a new-generation FTA covering many aspects in addition to the traditional areas such as trade of goods, services. Non-traditional areas such as labor, environment, intellectual property, etc
Will the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) help the banking industry in Vietnam make a breakthrough?
Textiles UK concludes tax agreement with Peru, ratifies deal to join CPTPP 20 May '24 3 min read Pic: Adobe Stock Insights The UK has ratified the terms of its agreement to join the CPTPP, UK minister for trade policy Greg Hands told group members in Arequipa, Peru, where he also concluded talks on a double taxation pact. Benefits of joining CPTPP include more flexibility via modern rules of origin for UK goods, investment provisions that limit barriers and cheaper import prices. The United Kingdom has completed its key step required for joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), i.e., ratification of the terms of its agreement to join, UK minister for trade policy Greg Hands told fellow members of the group during a meeting in Arequipa, Peru, where he also concluded negotiations on a double taxation agreement (DTA).Joining CPTPP—which will account for 15 per cent of global gross domestic product (GDP) with the United Kingdom included—means over 99 per cent of current UK goods exports to CPTPP members will be eligible for tariff-free trade.The UK has ratified the terms of its agreement to join the CPTPP, UK minister for trade policy Greg Hands told group members in Arequipa, Peru, where he also concluded talks on a double taxation pact. Benefits of joining CPTPP include more flexibility via modern rules of origin for UK goods, investment provisions that limit barriers and cheaper import prices.The DTA with Peru will reduce costs and offer certainty to businesses in both sides, and will provide opportunities for substantial increases in bilateral trade and investment, an official press release said. UK business and trade secretary Kemi Badenoch signed the deal last July to join the CPTPP that spans 12 economies across the Asia-Pacific and Europe.Benefits of UK accession to CPTPP include less red tape for UK services, Increased flexibility via modern ‘rules of origin’ for British goods, investment provisions that limit barriers and cheaper import prices, thanks to reduced tariffs.Only six economies, in addition to the United Kingdom, need to ratify by October for the deal to enter into force by the end of the year. Singapore, Japan, and Chile have already ratified, with other countries in the works. “The UK intends to be an influential member of CPTPP, making its voice heard on all key matters, and is already involved in meetings and discussions with CPTPP Parties on the future of the agreement. Peru, a member of the bloc, is a longstanding trading partner for the UK, with bilateral trade worth £1.8 billion last year,” Hands said.“The UK’s addition to this bloc will open up new opportunities for both inward and outward investment. Trade rules will be more favourable for manufacturers looking to sell products to other member countries and data transfers for firms in the services sector will also be more straightforward,” William Bain, head of trade policy at the British Chambers of Commerce (BCC), said. “We look forward to the avenues for fresh opportunities and collaborations this will unlock, paving the way for enhanced economic partnerships and growth opportunities for our members in the UK-Japan, and wider regional ecosystem,” BCC Japan executive director Sarah Backley said.“This historic agreement not only fosters trade liberalisation but also offers expanded market access, boosts to GDP, and strategic influence, particularly benefiting sectors, such as services and digital trade for both British and Malaysian enterprises. This also promises enhanced options and affordability for consumers and businesses alike, heralding a new era of economic dynamism and collaboration,” British Malaysian Chamber of Commerce chief executive officer Jennifer Lopez said. Fibre2Fashion News Desk (DS) More Textiles News - United Kingdom... -->
CPTPP is a new-generation FTA covering many aspects in addition to the traditional areas such as trade of goods, services. Non-traditional areas such as labor, environment, intellectual property, etc
Textiles China submits papers for CPTPP accession after deciding about reforms 19 Jun '23 1 min read Insights China has submitted documents for its accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.It has exhaustively assessed all CPTPP clauses and sorted out the reform measures and laws and regulations that need to be modified.It has relaxed the access of foreign investment in the domestic manufacturing industry. China has submitted documents for its accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after exhaustively assessing all CPTPP clauses and sorting out the reform measures and laws and regulations that need to be modified, vice commerce minister Wang Shouwen recently said.He was addressing the Asia-Pacific Economic Cooperation China CEO Forum in Beijing.China has submitted documents for its accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. It has exhaustively assessed all CPTPP clauses and sorted out the reform measures and laws and regulations that need to be modified. It has relaxed the access of foreign investment in the domestic manufacturing industry.China has decided to align with CPTPP standards and implemented reforms in related fields. Its accession will benefit all CPTPP members and add fresh impetus to trade and investment liberalisation in the Asia-Pacific, Wang said."China will continue to open its doors for development and actively promote high-level opening-up. China has basically relaxed the access of foreign investment in the manufacturing industry, and is comprehensively and orderly opening up the service sector," he weas quoted as saying by official media outlets.China will next reasonably reduce the negative list of foreign investment access, introduce a negative list for cross-border trade in services at free trade zones, and a similar nationwide negative list, he added. Fibre2Fashion News Desk (DS) More Textiles News - China...
The UK discussed for the first time with all CPTPP members, including Vietnam, to discuss joining this agreement.
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New-generation FTAs not only limit the field of goods and services but also expand regulation of scope of investment. The majority of these FTAs include liberalization principles of investment and protection of investor through regulation on dispute settlement mechanism between investor and state (ISDS).
Textiles UK parliament panel sees key areas where CPTPP goes further than FTAs 26 Apr '23 2 min read Pic: Shutterstock Insights There are key areas where the Comprehensive and Progressive Agreement for Trans-Pacific Partnership goes further than some existing pacts that the UK has with nine of the 11 CPTPP members, a House of Commons panel has concluded.There are also opportunities for the UK to show leadership and expertise, particularly in digital trade and environmental policy. There are clearly important areas where the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) goes further than some existing free trade agreements (FTAs) that the United Kingdom has with nine of the 11 parties to the CPTPP, a House of Commons committee has concluded after an inquiry.The areas include generous rules of origin and prohibition of the requirement to maintain a local presence to deliver services.There are key areas where the Comprehensive and Progressive Agreement for Trans-Pacific Partnership goes further than some existing pacts that the UK has with nine of the 11 CPTPP members, a House of Commons panel has concluded. There are also opportunities for the UK to show leadership and expertise, particularly in digital trade and environmental policy.The CPTPP could play a role in helping to shape trading rules and norms. Although the committee’s evidence is incomplete, there are areas on digital trade and the environment where the CPTPP has contributed to progress in multilateral fora.There are clear advantages in the United Kingdom contributing to these efforts, particularly as like-minded partners are turning to plurilateral blocs, rather than the ‘lignified’ World Trade Organisation, for digital and environmental policy innovation, the committee said.“There are also opportunities within the CPTPP for the UK to show leadership and expertise, particularly in digital trade and environmental policy, where the UK has proven to be a global leader. It also needs to ensure that the CPTPP’s structures support the UK’s agenda by calling for a permanent CPTPP secretariat that can support enlargement and modification of the agreement,” an official release quoted the committee report as saying.The UK’s accession to the CPTPP also comes with a set of challenges. Witnesses raised issues with the agreement’s provisions for investment protection, intellectual property requirements and food standards and animal welfare, the report noted.The parts of the CPTPP which affect these areas are seemingly small and technical, but misalignment of these provisions with current practices in the UK could jeopardise important public policy aims and damage business confidence, it said.In particular, the committee looked at the impact China’s accession could have on the CPTPP’s high standards. It is a significant risk, but the United Kingdom will be well placed to address that as accession to the CPTPP comes with the power of veto over prospective new members, the committee noted.The government has two months to respond to this report.The committee’s inquiry was launched in November 2021 and its findings were planned to be submitted to the House of Commons later this year, following examination of the UK’s terms of accession.However, reorganisation of the House’s select committees to mirror changes to the machinery of government has necessitated the committee making its incomplete findings available to the House. Fibre2Fashion News Desk (DS) More Textiles News - United Kingdom...
Government has acted to mitigate concerns raised on the CPTPP’s adverse impact.
Within the framework of CPTPP, Vietnam and Canada organized a "Business in Vietnam" Workshop organized by the City of Toronto and the Canada-Vietnam Trade Council in Toronto, Canada to promote investors to invest in Vietnam and set up company and factory.
CPTPP sẽ giúp Anh vượt qua các thách thức từ Covid-19, đa dạng hóa mạng lưới thương mại và đảm bảo vị thế hậu Brexit. source https://vnexpress.net/anh-muon-gia-nhap-cptpp-4117441.html
Textiles Singapore ratifies UK's CPTPP entry, boosting trade bloc's worth 24 Jan '24 2 min read Pic: Adobe Stock Insights Singapore has ratified the UK's entry into the CPTPP, enhancing the trade bloc's worth to £12 trillion or 15 per cent of global GDP. The UK signed the agreement in July 2023, ensuring over 99 per cent of its exports to CPTPP nations will be tariff-free. This move strengthens UK-Singapore ties, promoting supply chain integration, trade, and investment. Singapore has officially ratified the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), following Japan's approval late last year. The UK's entry into the CPTPP, which was signed in July 2023, is set to enhance the trade bloc's combined worth to an impressive £12 trillion, accounting for 15 per cent of global GDP.This significant development means that over 99 per cent of UK goods exported to CPTPP countries will be tariff-free. Furthermore, the UK's accession is expected to strengthen the UK-Singapore bilateral relationship. It opens doors for deeper integration into each other's supply chains, diversified trade, increased investment, and collaboration on shared priorities, ultimately benefitting businesses with greater access and opportunities, the UK government said in a press release.Singapore has ratified the UK's entry into the CPTPP, enhancing the trade bloc's worth to £12 trillion or 15 per cent of global GDP. The UK signed the agreement in July 2023, ensuring over 99 per cent of its exports to CPTPP nations will be tariff-free. This move strengthens UK-Singapore ties, promoting supply chain integration, trade, and investment.To implement this landmark agreement, the UK government has introduced the Trade (CPTPP) Bill in parliament. The deal is anticipated to come into effect in the second half of 2024, once the UK and other CPTPP Parties complete their respective legislative processes.British high commissioner to Singapore, Kara Owen, said: “It is great to see Singapore ratify the UK’s accession to CPTPP, taking us a step closer to UK business accessing the benefits of the agreement. Accession will connect the UK to a group of economies that are the most dynamic and ambitious on free trade. It provides opportunities for our business to build on the strong £21 billion bilateral trade relationship with Singapore.“We look forward to growing our trading partnerships with all members through the ambitious liberalisation commitments, enabling new rules of origin arrangements and opportunities for investment and collaboration.”“I’m delighted that Singapore has ratified the UK’s accession to CPTPP. UK accession to CPTPP highlights our commitment to deepening our £124bn trade relationship across the Asia Pacific, one of the most dynamic and fast-growing trading areas in the world. I look forward to working with partners across the region to help businesses make the most of the CPTPP,” said Martin Kent, UK’s trade commissioner for Asia Pacific. Fibre2Fashion News Desk (DP) More Textiles News - United Kingdom...
Vietnam has recently ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership - CPTPP (before Trans-Pacific Strategic Economic Partnership Agreement – TPP. This Agreement was signed on 08 March 2018 in Santiago, Chile including 11 countries New Zealand, Canada, Japan, Mexico, Singapore, Brunei, Chile, Malaysia, Peru, Australia and Vietnam.
Textiles Malaysia, Chile, Brunei eligible for preferential CPTPP exim tariffs 11 Sep '23 1 min read Pic: haryo setyoprojo / Shutterstock Insights Vietnam's ministry of industry and trade recently said Malaysia, Chile and Brunei are now eligible for preferential import and export tariffs under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). A decree to this effect was issued by the government on September 7. The agreement took effect in Vietnam in January 2019. Vietnam’s ministry of industry and trade (MoIT) recently said Malaysia, Chile and Brunei are now eligible for preferential import and export tariffs under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).A decree to this effect was issued by the government on September 7, a news agency reported.Vietnam's ministry of industry and trade recently said Malaysia, Chile and Brunei are now eligible for preferential import and export tariffs under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). A decree to this effect was issued by the government on September 7. The agreement took effect in Vietnam in January 2019.CPTPP took effect in Malaysia in November 2022, and in Chile and Brunei in February and July this year respectively. The agreement took effect in Vietnam in January 2019.CPTPP was signed by 11 member states—Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam—in March 2018. The United Kingdom joined it on July 16, 2023.It officially came into force on December 30, 2018, with Mexico, Japan, Singapore, New Zealand, Canada and Australia being the first six countries to ratify the pact. Fibre2Fashion News Desk (DS) More Textiles News - Vietnam...
CPTPP is a new-generation FTA covering many aspects in addition to the traditional areas such as trade of goods, services. Non-traditional areas such as labor, environment, intellectual property, etc
Apparel/Garments Vietnam's exports to Canada over $6.3 bn in 2022; up 19.8% YoY 11 Feb '23 1 min read Pic: Shutterstock Vietnam’s exports to Canada surged by 20.8 per cent annually to $5.3 billion in 2021 despite the COVID-19 pandemic—up by 75 per cent over the figure prior to when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect in early 2019. The figure surpassed $6.3 billion last year—up by 19.8 per cent year on year.Apparel was the country’s highest currency earner from Canada last year with a total turnover of $1.3 billion, up by 40.3 per cent annually and equivalent to 20.7 per cent of Vietnam’s total exports to the country, according to the general department of Vietnam customs.Footwear ranked second with a revenue of $604.6 million, up by 64.3 per cent. Handbag-suitcase-headwear exports were up 115.2 per cent last year.Vietnam's exports to Canada surged by 20.8 per cent annually to $5.3 billion in 2021 despite the COVID-19 pandemic—up by 75 per cent over the figure prior to when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect in early 2019. The figure surpassed $6.3 billion last year—up by 19.8 per cent year on year.This was the result of zero per cent tariff on all Vietnamese apparel committed by Canada after three years of CPTPP implementation, head of the ministry of industry and trade’s department of European-American markets Bui Tuan Hoan told a news agency. Fibre2Fashion News Desk (DS) More Apparel/Garments News - Vietnam...
The CPTPP Agreement took effect in Vietnam as of January 14th, 2019 including 11 founding countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Singapore, New Zealand, Peru and Vietnam. On January 22nd, 2019, the Vietnam Ministry of Industry and Trade issued Circular No. 03/2019/TT-BCT (Circular 03) regulating rules of origin of goods in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to incorporate and implement the commitments of CPTPP.
CPTPP is a new-generation FTA covering many aspects in addition to the traditional areas such as trade of goods, services. Non-traditional areas such as labor, environment, intellectual property, etc
The CPTPP Agreement took effect in Vietnam as of January 14th, 2019 including 11 founding countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Singapore, New Zealand, Peru and Vietnam. On January 22nd, 2019, the Vietnam Ministry of Industry and Trade issued Circular No. 03/2019/TT-BCT (Circular 03) regulating rules of origin of goods in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to incorporate and implement the commitments of CPTPP.
IP Enforcement in Vietnam. Intellectual property rights in the TPP contain general provisions and requirements relating to areas of cooperation, patents...
New-generation FTAs not only limit the field of goods and services but also expand regulation of scope of investment. The majority of these FTAs include liberalization principles of investment and protection of investor through regulation on dispute settlement mechanism between investor and state (ISDS).
Move is key part of Liz Truss’s plan to pivot trade away from Europe after Brexit
Textiles Potential for Vietnamese businesses from CPTPP still remains untapped 20 Dec '22 2 min read Pic: Valsib / Shutterstock Three years after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) went into effect, Vietnamese policymakers and industry experts feel a lot of potential for domestic businesses from the agreement still remains untapped. Even traditionally strong Vietnamese export items struggle to penetrate CPTPP markets, a top official said.Issues related to CPTPP were recently discussed during an online conference in Hanoi.Vietnamese businesses have been increasingly interested to take advantage of the agreement, Ngo Chung Khanh, deputy director of the multilateral trade policy department under the ministry of industry and trade (MoIT), was quoted as saying at the conference by a news agency.Three years after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) went into effect, Vietnamese policymakers and industry experts feel a lot of potential for domestic businesses from the agreement still remains untapped. Even traditionally strong Vietnamese export items struggle to penetrate CPTPP markets, a top official saidNine per cent of businesses in a Vietnam Chamber of Commerce and Industry (VCCI) survey said they possess a ‘deep understanding’ of CPTPP, a significant improvement from just over 2 per cent from two years ago.During the same period, the country's export turnover to CPTPP markets improved significantly, especially to Canada and Mexico. The country witnessed a trade surplus of more than $8 billion in 2021 with these two countries alone.While growth has been impressive, Canada and Mexico could be considered small to medium-sized markets, accounting only for just under 3 per cent of Vietnam's total trade with the bloc.Major hurdles for Vietnamese textile manufacturers include problems in meeting CPTPP's product origin protocols and inadequate investment in expanding production and technology.Even those who managed to secure the required investment to expand their operations could not bring production to full throttle. Many participants at the conference said they could only produce at 30-40 per cent of their capacity. Fibre2Fashion News Desk (DS) More Textiles News - Vietnam...
On March 9th, 2018, Minister of Industry and Trade, Vietnam Tran Tuan Anh and 10 Ministers of the Member countries signed the Comprehensive and Progressive Agreement for Trans-Pacific partnership (CPTPP) in the capital Santiago, Chile.
This book is available as open access through the Bloomsbury Open Access programme and is available on www.bloomsburycollections.com. It is funded by the Applied Research Centre for Intellectual Assets and the Law in Asia, School of Law, Singapore Management University. The pulling out of the Trans-Pacific Partnership (TPP) by the US marks a new era for trade deals and potentially for intellectual property (IP). The TPP has evolved to become the Comprehensive and Progressive Agreement for TPP (CPTPP) with the remaining 11 members suspending some of its provisions, over half of which are IP-related. While the TPP excludes the two Asian giants - India and the People's Republic of China (PRC) - the ongoing Regional Comprehensive Economic Partnership (RCEP) negotiations include both of them. The first part of this edited collection sets out to re-examine some basic principles of trade negotiation, such as choosing the right representatives to negotiate and enhancing transparency as a cure to the public's distrust against trade talks; moreover, it analyses how CPTPP might impact on RCEP's IP chapter and examines the possible norm setters of Asian IP. It then focuses on the PRC's trade and IP strategy against the backdrop of the power games between the PRC, India and the US. The second part of the book reflects on issues related to investor-state dispute settlement and its relationship with IP, such as how to re-calibrate the balance in international investment arbitration, and whether compulsory license of IP constitutes expropriation in India, the PRC and select ASEAN countries. The third part of the book questions and strives to improve some of the proposed IP provisions of CPTPP and RCEP and to redefine some aspects of international IP norms, such as: pre-grant patent opposition and experimental use exception; patent term extension; patent linkage and data exclusivity for the pharmaceutical sector; plant variety protection; pre-established damages for copyright infringement; and the restructuring of copyright limitations in the public interest.
UK to Join the Asia-Pacific Free Trade Pact
Textiles S Korea seeks regional partners' support for bid to join CPTPP 28 Apr '22 1 min read Trade Minister Yeo Han-koo. Pic: Han-koo Yeo Ministry of Trade, Industry and Energy/Twitter South Korea has sought support from regional trading partners for its bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to the country’s industry ministry. South Korean trade minister Yeo Han-koo recently met ambassadors from 10 CPTPP member nations in Seoul. The Japanese envoy reportedly did not attend.Seoul announced its decision to join the trade bloc last week as part of its efforts to deepen economic cooperation with regional partners and to diversify its trade portfolio.The CPTPP accounted for around 15 per cent of the world's total trade volume of $5.2 trillion in 2020.South Korea has sought support from regional trading partners for its bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to the country's industry ministry. South Korean trade minister Yeo Han-koo recently met ambassadors from 10 CPTPP member nations in Seoul. The Japanese envoy reportedly did not attend.#"South Korea's envisioned entry into the CPTPP is expected to contribute to stable supply chains in the region and to help make the platform more open, transparent and inclusive," Yeo was quoted as telling the envoys by a news agency, asking for their continued attention and backing.The ambassadors said South Korea is a promising, qualified candidate and reportedly voiced support for Seoul's decision to join the pact.The government has sought to submit an application in April, but that seems unlikely as due domestic procedures, including reporting the case to the National Assembly, have been delayed, according to ministry officials. Fibre2Fashion News Desk (DS) More Textiles News - South Korea...
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