As one of the world’s largest free trade agreements (FTAs), the Regional Comprehensive Economic Partnership (RCEP) is increasingly asserting its role as a pillar of the global trading system, especially at a time when geopolitical instability and protectionist trends are on the rise.

According to the Centre for WTO and International Trade (under the Viet Nam Chamber of Commerce and Industry – VCCI), Viet Nam is currently a participant in and negotiator of 19 free trade agreements (FTAs), most of which have already come into effect with more than 60 partners across various continents, covering nearly 90% of global GDP.

In addition to ensuring goods standards and quality, firms are recommended to pay attention to sustainable development, especially issues concerning biodiversity and wildlife conservation, in order to take advantage of new generation free trade agreements (FTAs).

According to the Centre for WTO and International Trade (WITC) under the Vietnam Chamber of Commerce and Industry (VCCI), Vietnam’s international economic integration has recorded a significant shift from breadth (participating in the World Trade Organisation-WTO) to depth (participating in many Free Trade Agreements-FTAs).