The Japanese Diet on June 13 enacted a law to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), moving a step closer to complete domestic procedures, according to Kyodo news.
The remaining 11 countries, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, signs the pact and rename it the CPTPP in March 2018 in Chile (Photo: VNA)
Hanoi (VNA) – The JapaneseDiet on June 13 enacted a law to ratify the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP), moving a step closer to completedomestic procedures, according to Kyodo news.
Following the US withdrawal, Japanand 10 other nations aim to put the deal into force by the end of this year.
The pact will take effect after atleast six member countries ratify it.
Japan still has to enact a separatebill to implement domestic measures in connection with the agreement, such assupport for livestock farmers who will be exposed to competition from foreignrivals.
The country is expected to become thesecond nation to ratify the deal after Mexico, which has already completeddomestic procedures.
The original Trans-PacificPartnership (TPP) was signed by 12 countries in February 2016 but US PresidentDonald Trump pulled his country from the deal upon his inauguration in January2017.
The remaining 11 countries, namely Australia,Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singaporeand Vietnam, signed the pact and renamed it the CPTPP in March 2018 in Chile.
The pact is expected to boosteconomic growth, create more jobs, reduce poverty and improve the quality oflife for people in member countries.
It delivers a strong message againstthe protectionism in the world.
The deal will createone of the world’s largest free trade blocs with a combined market of 499million people and GDP of around 10.1 trillion USD, accounting for 13.5 percentof the global GDP.-VNA
Thailand has expressed its hope of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), formerly the Trans-Pacific Partnership, said Japanese Minister in charge of the CPTPP Toshimitsu Motegi.
Vietnam’s turnover from textiles and garment exports to Australia is forecast to reach a double-digit growth after the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreement, heard a workshop in Hanoi on May 9.
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Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
The remaining 11 countries, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, signs the pact and rename it the CPTPP in March 2018 in Chile (Photo: VNA) 
