Vietnam, Japan to work closely for effective implementation of CPTPP
Vietnam and Japan have agreed to boost their close cooperation with a view to effectively implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
At the phone talks between Minister of Industry and Trade Nguyen Hong Dien and Japanese economic revitalisation minister Yasutoshi Nishimura (Photo: VNA)
Hanoi (VNA) - Vietnam and Japan have agreed to boost their closecooperation with a view to effectively implementing the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP).
The consensus was reached during phone talks between Minister of Industry andTrade Nguyen Hong Dien and Japanese economic revitalisation minister YasutoshiNishimura on May 26.
Dien suggested Nishimura encourage and create favourable conditions forJapanese investors who want to invest in Vietnam.
He said the move will help Vietnam become an important link in the supply chainof Japanese enterprises, particularly in the fields of automobilemanufacturing, electronics, medical equipment, garment and textiles, and sectorsthat bring benefits to bilateral economic-trade ties.
Automobile production belt of Japanese-based Toyota (Photo: VNA)
Nishimura, for his part, proposed that Vietnam support Japan’s initiatives, andcontinue to work with Japan to implement the trade pact.
As several countries, including the UK, have expressed an interest in joiningthe agreement, the Japanese minister hoped Vietnam would endorse theorganisation of the fourth CPTPP Commission meeting in early June, which will considernegotiating with the UK after it made a formal request to join on February 1.
The CPTPP covers 13 percent of global GDP and groups together Australia,Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore,and Vietnam.
China, the Republic of Korea, Taiwan (China),and Thailand have also expressed an interest in joining./.
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At the phone talks between Minister of Industry and Trade Nguyen Hong Dien and Japanese economic revitalisation minister Yasutoshi Nishimura (Photo: VNA) 
Automobile production belt of Japanese-based Toyota (Photo: VNA) 
