Groz-beckert
Coats digital transformationCoats digital transformationCoats digital transformationCoats digital transformation
Coats digital transformation
Groz-beckert
spot_img
Coats Gigital

Vietnam exporters can gain from CPTPP if prepared: VCCI

Vietnamese enterprises’ ability to take advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) depends on their preparation, Nguyen Th? Thu Trang, director of the Vietnam Chamber of Commerce and Industry’s (VCCI) WTO and Integration Centre, told a conference on opportunities and challenges from CPTPP in Ho Chi Minh City.
Vietnam’s exports of footwear and garment-textile to CPTPP member countries account for 12.5 per cent and 16.04 per cent respectively of their total exports, she said.
“We export a lot to CPTPP member countries, but our market share remains modest, for instance at 2-2.9 per cent of their footwear imports and 0-6 per cent of garment and textile imports. Therefore, there is still much more room for Vietnamese firms to boost exports,” she was quoted as saying by a Vietnamese newspaper.

Canada, Mexico and Peru are countries that Vietnam does not have free trade agreement with, and therefore, CPTPP offers great opportunities for Vietnamese firms to access these markets through preferential tariffs, she said.
But to capitalise on the opportunities, the products must meet the CPTPP’s rules of origin and conform with sanitary and phytosanitary (SPS) requirements and technical barriers to trade (TBT), she added.
Japan, Malaysia, Singapore, Australia, New Zealand and Chile are countries that Vietnam has bilateral or multilateral FTAs with.

 

Also Read: Vietnam textile sector orders hit by African competition

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
AMEC AMETEX
spot_img
spot_img
spot_img
spot_img
spot_img
GO WIPES

Related News

Fuyang Printing Marks 20 Years of Excellence in Vietnam

20 years rooted in Vietnam, Fuyang Printing sets industry...

Eco-Innovation in Vietnam’s Textile and Garment Industry: A Driving Force for Sustainable Economic Growth

Vietnam’s textile and garment industry, one of the country’s...

Overcoming Labor Shortage in Vietnam: Tra Ly Hung Yen Spinning

It’s hard to find skilled operators for spinning mills...

The Golden Springboard for Southeast Asia Expansion – 2025 ITCPE Vietnam Textile Expo Now Open for Recruitment!

In recent years, Vietnam's textile and apparel market has...

Vietnam and India Seek Stronger Textile Cooperation Amid Growing Trade Potential

At an online seminar held on May 23, Vietnamese...

Vietnam Attracts $1 Billion Swedish Investment for World’s First Circular Textile Hub

In a key meeting, Prime Minister Phạm Minh Chinh...

Vietnam Threads Sustainability and Innovation into Textile Future

Vietnam, the world’s second-largest garment and textile exporter, is...

Vietnam Textile Factory Transitions to Biomass, Eliminates Coal-Fired Boilers

Youngone Corporation, a leading Korean textile manufacturer, has successfully...

Vietnam International Trade Fair For Apparel, Textiles, And Textile Technologies (VIATT) Poised To Celebrate

At the turn of the new year, Vietnam’s textile...

Recover™ Opens New Factory, Pioneers Recycling Technology in Vietnam

Recover™, a global producer of recycled cotton fiber and...

VIATT 2025 Set To Advance Sustainability And Digitalisation In Vietnam’s Textile Industry

In recent years, Vietnam has rapidly transformed into one...

Freudenberg Performance Materials Apparel Inaugurates State-Of-The-Art Thermal Insulation Factory In Vietnam

Freudenberg Performance Materials Apparel (Freudenberg Apparel) is proud to...