kèo nhà cái bet88How can Vietnam, UK best exploit CPTPP?

kèo nhà cái bet88 United Kingdom (UK)'s accession to kèo nhà cái bet88 Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a really significant moment for kèo nhà cái bet88 UK and for kèo nhà cái bet88 CPTPP group as well as for Vietnam - UK bilateral relations, UK Ambassador to Vietnam Iain Frew stated in his recent interview with VGP, according to kèo nhà cái bet88 Government News.

kèo nhà cái bet88 ambassador said, as quoted by kèo nhà cái bet88 Government News, that this is an agreement which will help to liberalize trade and investment between kèo nhà cái bet88 two countries as well as between kèo nhà cái bet88 UK and kèo nhà cái bet88 rest of kèo nhà cái bet88 CPTPP members.

"It also means that we are now going to have our businesses and our consumers able to have access to opportunities, goods and services and investment which previously would have been trickier. This accession leads to greater trade between our countries and it provides a very good basis for us to work together to support an open and effective international trading system", he noted.

kèo nhà cái bet88 Ambassador expressed his gratitude to kèo nhà cái bet88 Vietnamese Government for kèo nhà cái bet88 strong support throughout kèo nhà cái bet88 negotiation process.

As kèo nhà cái bet88 CPTPP has come into force, both nations have kèo nhà cái bet88 chance to help their businesses to take advantage of that and to boost trade and investment more hugely. With kèo nhà cái bet88 UK's accession, kèo nhà cái bet88 CPTPP countries now make up 15 per cent of kèo nhà cái bet88 global GDP.

That is a very significant trading bloc and CPTPP as a group also represents some of kèo nhà cái bet88 most progressive and advanced trading rules and regulations within this bloc globally, highlighted kèo nhà cái bet88 Ambassador.

With kèo nhà cái bet88 UK's accession to kèo nhà cái bet88 CPTPP, it is spreading out beyond just kèo nhà cái bet88 Pacific region. So, it is not only an opportunity for kèo nhà cái bet88 UK but it is also an opportunity for kèo nhà cái bet88 CPTPP group, kèo nhà cái bet88 diplomat told VGP.

Key benefits of CPTPP for Vietnamese, UK businesses

Regarding key benefits of kèo nhà cái bet88 CPTPP for businesses of both countries, Mr. Frew said, kèo nhà cái bet88 CPTPP agreement builds on kèo nhà cái bet88 UKVFTA for those businesses operating already between kèo nhà cái bet88 two markets.

There are areas in which kèo nhà cái bet88 CPTPP agreement moves further and moves faster in liberalization of tariffs. Particular exports from both countries will benefit from this agreement and businesses will therefore be able to export with reduced tariffs or tariff free.

For example, Vietnamese exporters of rice or seafood or cassava flour are going to find that those tariffs are reduced faster while UK exporters exporting goods such as pork or poultry or chocolate are going to find that access to kèo nhà cái bet88 Vietnamese market and lower tariffs are going to be easier.

It is clearly to see some benefits from some of kèo nhà cái bet88 wider provisions of kèo nhà cái bet88 CPTPP. kèo nhà cái bet88 focus on digital trade and digital economy within kèo nhà cái bet88 agreement is also going to open up further opportunities along with a wider benefit to supply chains.

It is not just about businesses that operate between kèo nhà cái bet88 UK and Vietnam, kèo nhà cái bet88 diplomat said, adding that it is about international businesses between kèo nhà cái bet88 two countries who have supply chains which stretch into other CPTPP members.

According to kèo nhà cái bet88 ambassador, there are more opportunities to build new value, increase exports and attract greater investment because of those greater supply chain benefits.

kèo nhà cái bet88 CPTPP agreement also has standards on transparency and predictability, which really give confidence to investors to increase that investment and to consider opportunities that they wouldn't have before.

In order to help businesses really take advantage of that, kèo nhà cái bet88 UK Embassy is working together with kèo nhà cái bet88 Vietnamese government and with both sides' businesses to explain what that CPTPP accession means.

Businesses need to build their own capacity, keep themselves well informed, learn about kèo nhà cái bet88 new provisions, think about how that might have implications for their business, as well as what they might need to do to adapt, and to take advantage of that, he suggested.

In term of benefits brought by kèo nhà cái bet88 UKVFTA, kèo nhà cái bet88 Ambassador said, it is clearly to see kèo nhà cái bet88 increasing trade between kèo nhà cái bet88 two countries over kèo nhà cái bet88 past decade, from £3 billion in 2014 to £6 billion in 2024.

That trend is expected to continue on kèo nhà cái bet88 basis of kèo nhà cái bet88 UKVFTA which has become effective since 2021. There is scope for businesses for both sides to do more and kèo nhà cái bet88 CPTPP builds on that.

kèo nhà cái bet88 Ambassador expressed his delight on close collaboration between kèo nhà cái bet88 two governments in sharing information about priorities, about businesses and about kèo nhà cái bet88 different sectors that both sides want to gain benefit.

kèo nhà cái bet88 UK and Vietnam produce quite different goods and consumers are able to access things quite differently from kèo nhà cái bet88 two countries. So that complementarity means that there's huge potential, shared kèo nhà cái bet88 diplomat.

kèo nhà cái bet88 UK and Vietnam have had kèo nhà cái bet88 experience during kèo nhà cái bet88 implementation process of kèo nhà cái bet88 UKVFTA, so with kèo nhà cái bet88 CPTPP, both sides are able to understand better which sectors already are utilizing kèo nhà cái bet88 new provisions and which sectors need more support in order to take full advantage.

In 2025, kèo nhà cái bet88 UK Embassy will join hands with Vietnamese relevant sides to organize a number of events, workshops with businesses and sessions to help upskill and help businesses understand where they can make kèo nhà cái bet88 most of that, kèo nhà cái bet88 Ambassador said.