Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Viet Nam seventh nation to ratify CPTPP

Viet Nam seventh nation to ratify CPTPP

Minister for Trade and Export Growth David Parker has welcomed Viet Nam’s ratification of the Comprehensive and Progressive Agreement for TransPacific Partnership (CPTPP).

During a meeting between David Parker and Viet Nam’s Deputy Prime Minister Pham Binh Minh on the margins of APEC in Port Moresby, Viet Nam formally notified New Zealand, as Depositary for the CPTPP, that it had completed its domestic procedures to ratify the agreement.

Viet Nam is the seventh economy to ratify the CPTPP joining New Zealand, Australia, Canada, Japan, Mexico and Singapore.

“This is a positive development and keeps the momentum going among the CPTPP grouping where more than half have already ratified the agreement to trigger its entry into force.”

“Viet Nam will join the agreement in 60 days’ time and within weeks of the agreement taking effect for the first group of six economies on 30 December 2018,” David Parker said.

“New Zealand and Viet Nam already have a close trading relationship through the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) which has seen the value of our trade with each other grow by 14 per cent year-on-year for the past five years.”

“The CPTPP will help to modernise the trading rules between us and contribute to further growth in our business and investment ties.”

Viet Nam is currently New Zealand’s 16th-largest trading partner. Two-way goods and services trade with Viet Nam totalled $1.8 billion in the year to the end of June 2018.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Labour Refusing To Lead A Progressive Drugs Policy

Once again, Labour has chosen not to use (a) its parliamentary majority and (b) the huge mandate it was given at the last election in order to (c) bring about progressive social change. Once again, Labour seems to regard its main purpose for being in power as being to keep National and Act out of power. Will Labour for instance, overhaul our out-dated, unsafe, and unjust laws on drugs? No, it will not... More>>


Climate Change: Emissions Report Shows Urgent Action Needed

Every part of Government will need to take urgent action to bring down emissions, the Minister for Climate Change, James Shaw said today in response to the recent rise in New Zealand’s greenhouse emissions. The latest annual inventory of New ... More>>


Government: The Duke Of Edinburgh

9 April 2021 Prime Minister Jacinda Ardern today expressed New Zealand’s sorrow at the death of His Royal Highness The Prince Philip, Duke of Edinburgh. “Our thoughts are with Her Majesty The Queen at this profoundly sad time. On behalf of the New ... More>>


Government: Delivers Next Phase Of Climate Action

The Government is delivering on a key election commitment to tackle climate change, by banning new low and medium temperature coal-fired boilers and partnering with the private sector to help it transition away from fossil fuels. This is the first ... More>>

Police: Police Accept Findings Of IPCA Report Into Photographs Taken At Checkpoint

Police accept the findings of a report by the Independent Police Conduct Authority (IPCA) relating to photographs taken at a checkpoint in Northland. On November 16, 2019, Police set up a checkpoint down the road from a fight night event in Ruakaka ... More>>


Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>

World Travel: New Zealand Temporarily Suspending Travel From India - PM Jacinda Ardern

Travel into New Zealand from India - including for New Zealand citizens and residents - is being temporarily suspended because of high numbers of Covid-19 cases. More>>




InfoPages News Channels