The Regional Comprehensive Economic Partnership Agreement: An Opportunity to Promote Exports
In the morning of September 30th, Dong Thap Department of Industry and Trade cooperated with the Vietnam Chamber of Commerce and Industry - Can Tho Branch (VCCI Can Tho) to organize an online conference "Taking advantage of the Regional Comprehensive Economic Partnership Agreement (RCEP) to promote exports in the context of the Covid-19 pandemic”. The conference was online connected to districts, cities and businesses of the province.
The meeting at Dong Thap People's Committee
The RCEP Agreement was signed on November 15th 2020 and will take effect soon in January 01st 2022. As soon as the agreement is ratified, it will be become the largest free trade agreement by economic output in the world with potential for trade growth and integration among East Asian economy. It shall also be an Agreement aimed at expanding and deepening the cohesion between ASEAN and the following countries: China, Korea, Japan, Australia and New Zealand.
For Dong Thap, besides out of USD 1 billion in merchandise export turnover in 2020, 40% of export turnover (equivalent to about USD 440 million) comes from the market within the RCEP block. Therefore, this will be an opportunity for enterprises of the province to promote the export of strong products such as aquatic products, rice and rice products, textiles, footwear, etc.
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Translated by Gia Vi
