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CPTPP members reiterate backing of trade liberalisation

The CPTPP Commission’s third meeting was held on August 6 and ended with the approval of a ministerial joint statement reiterating the members’ commitment to back trade liberalization, and multilateral trade.
CPTPP members reiterate backing of trade liberalisation ảnh 1At the meeting (Photo: Cong Thuong (Industry&Trade))

Hanoi (VNA)
– The CPTPP Commission’s third meeting washeld on August 6 and ended with the approval of a ministerial joint statementreiterating the members’ commitment to back trade liberalization, andmultilateral trade.

The meeting was held in the form of video conferencing under thechair of Mexican Economy Minister Graciela Marquez Colin. The Vietnamese delegation atthe event was led by Minister of Industry and Trade Tran Tuan Anh.

The member countries also committed to working together to rebootthe regional economy post COVID-19.

The participating ministers underlined the importance of improvingthe efficiency of the agreement’s implementation, and pushing ahead with the CPTPPratification by the remaining four countries.

They also discussed the possibility of expanding the deal in thefuture, along with global economic issues.

Vietnam pledged to join efforts in implementing measures in linewith international commitments so as to facilitate the flows of commodities andservices, especially essential ones.

The country will also work to enhance connectivity among CPTPPmembers to consolidate the regional supply chain and strengthen its resilienceto external impacts.

The next meeting of the CPTPP Commission is scheduled for 2021 inJapan.

The Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) is a trade agreement between Australia,Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore,and Vietnam./.
VNA

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