Vietnamese trade minister meets with Japanese, Chilean officials

Vietnamese Minister of Industry and Trade Tran Tuan Anh held bilateral meetings with the ministers of Japan and Chile on the sidelines of the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in Chile on March 9.

At the meeting between Vietnamese Minister of Industry and Trade Tran Tuan Anh and Japanese Economy Minister Toshimitsu Motegi (Credit: VOV)
At the meeting between Vietnamese Minister of Industry and Trade Tran Tuan Anh and Japanese Economy Minister Toshimitsu Motegi (Credit: VOV)

Meeting with Japanese Economy Minister Toshimitsu Motegi, Minister Anh stressed that Vietnam highly values the leading role of Japan, especially Minister Motegi, in the promotion and negotiation of the CPTPP, which is of a high quality as a binding agreement but still has the necessary flexibilities to suit the development level of each member country.

Vietnam thanks Japan and the minister for their effective support in persuading other CPTPP members to give certain flexibility to Vietnam in such issues as labour – trade unions and intellectual property, helping to comprehensively finish the negotiations on this deal in Tokyo last January, he noted.

The two ministers hailed the success of the CPTPP in general and the CPTPP signing in particular, expressing their belief that it will be a new-generation free trade agreement with superior and comprehensive standards and serve as a foundation to shape new relations in Asia-Pacific for the future.

The Vietnamese side affirmed the resolve to work with Japan and other members to swiftly bring this agreement into force so as to actualise the benefits that the deal will bring to the businesses and people of participating nations.

The two sides shared the view that the CPTPP signing by the 11 countries will be an important turning point and create a prerequisite for member nations to begin ratifying and enforcing the deal soon.

Vietnam also asked Japan to hastily implement the necessary technical assistance to help it fully enact the commitments in the CPTPP.

At the meeting with Chilean Foreign Minister Heraldo Munoz, Minister Tran Tuan Anh said Vietnam welcomes and highly appreciates Chile’s organisation of the CPTPP signing ceremony.

Minister Tran Tuan Anh (left) and Chilean Foreign Minister Heraldo Munoz (Credit: VOV)

He affirmed that Vietnam will join efforts with Chile and other member countries to bring the trade deal into force as quickly as possible, in order to realise the benefits brought from the pact to enterprises and the people of participating nations.

FM Heraldo Munoz stressed that Chile also agrees with Vietnam’s viewpoint on the benefits that the agreement will bring about, affirming that his country will make efforts to conduct the necessary procedures for the deal to be ratified soon.

Regarding bilateral ties, the two sides spoke highly of positive outcomes in trade reached over the recent past, especially after the Vietnam – Chile free trade agreement (FTA) took effect.

They agreed to enhance the dissemination of the details of the FTA among the two countries’ business communities via trade promotion events, conferences, and seminars.

Source: VNA