Hanoi (VNA) – The newly-signed Comprehensive and Progressive Agreementfor Trans-Pacific Partnership (CP TPP), is expected to create manyopportunities and challenges for Vietnam’s agricultural sector, including the breeding industry,stated Hoang Thanh Van, head of the Department of Livestock Production under the Ministry ofAgriculture and Rural Development.
Van said that as CP TPP will cut import taxes, breeding products of countriesstrong in the industry such as Canada, Japan and Australia will enter Vietnam, harmingthe breeding sector.
He stressed the need to focus on improving quality of strong products,as the production cost of Vietnam’s breeding sector is higher than in developedcountries.
He said that the CP TPP will allow national branded products to beexported to all member countries without limited quota as long as they meet thecountries’ requirements. This will pressure domestic production, but alsobenefit the country as Vietnam’s products will access more markets, he added.
Van asserted that domestic farms should change their management methodfor integration. Import tax for breeding equipment will also be reduced,cutting production costs.
Vietnamese agriculture is attractive as the economy is growing andconsumption trends are changing, bringing opportunities to lure foreigninvestment, Van said, noting that many firms are looking to pour capital into buildinga genetic research centre in Hoa Lac hi-tech park.
Institutional reform is another urgent need for Vietnam when CP TPP becomeseffective, he said, underlining the significance of reviewing technicalstandards.
After thoroughly studying the deal, Van affirmed that CP TPP will bringmore benefits than negative impacts to Vietnam.
Van revealed that the Department of Livestock Production will hold several nationalconferences on developing production chains for pork and chicken meat, whilereviewing cow breeding methods to restructure the breeding industry.
The CPTPP was signed in Chile on March 8 (local time) by representativesof 11 countries - Australia, Brunei, Canada, Malaysia, Mexico, Japan, NewZealand, Peru, Singapore and Vietnam.-VNA
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Illustrative photo (Source: VNA) 
