Joining CPTPP – Opportunity for Vietnam to Attract Quality Investors
The UK discussed for the first time with all CPTPP members, including Vietnam, to discuss joining this agreement. Pursuing the goal of joining the CPTPP is one of the UK government’s priorities and is an important part of the free trade strategy. Becoming a CPTPP member not only opens new opportunities for UK businesses, but also promotes investment and trade as well as develops sustainable economic cooperation between the UK and CPTPP members. British companies have invested nearly 98 billion pounds (125.27 billion USD) in CPTPP members in 2018. By 2019, the value of trade transactions between the UK and CPTPP member countries is more than 110 billion pounds. CPTPP will help complement bilateral trade agreements that the UK has entered or is negotiating with CPTPP members. Currently, the UK and Vietnam are also working hard to translate the EU-Vietnam Free Trade Agreement (EVFTA) into the UK-Vietnam Bilateral Trade Agreement later this year. This will ensure continuity and bring...