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HANOI (Vietnam News/ANN): The Vietnam Chamber of Commerce (VCCI) said poor competitive capacity will hinder businesses from gaining benefits from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Relaxation will give firms greater flexibility, efficiency
BEIJING: China’s rosy foreign trade performance will sustain its gross domestic product (GDP) growth momentum in the first quarter of this year, consolidating the country’s fundamentals for steady and sound economic growth in the post-pandemic era, according to observers and business leaders.
BEIJING: With China leading the global economic recovery from the impact of the Covid-19 pandemic, the country’s mega market, optimised business environment, and status as the biggest trading partner of more than 120 countries and regions will continue to generate big dividends for global companies in the long run, business leaders said.
China is encouraging the early implementation of the Regional Comprehensive Economic Partnership (RCEP), and members of the Asia-Pacific trade pact aim for it to take effect from Jan. 1, 2022, Wang Shouwen, China's vice commerce minister, said on Thursday.
Vietnam's wood products export surges in first 2 months this year; only 4 new Covid-19 cases reported
Vietnam exported over US$2.4 billion worth of wood and wood products in the first two months of this year, surging 51 percent year on year, according to the country's General Statistics Office has announced.
Wei Jianguo, a former vice-minister at the Ministry of Commerce, says China joining CPTPP could spark positive reform in some sectorsWei says ratification of rival RCEP deal can also play an important role in free-trade deal negotiations with Japan and South Korea
BEIJING: China will leverage high-level openness to promote the dual-circulation development pattern, which should not only help stimulate domestic consumption but attract foreign resources, the country’s top commerce official said.
The 15-member Regional Comprehensive Economic Partnership (RCEP) was signed in mid-NovemberCommerce Minister Wang Wentao confirmed the deal had been ratified during the National People’s Congress (NPC) in Beijing