Minister Nguyen Hong Dien: Close cooperation between CPTPP and ASEAN demonstrates determination to maintain an open and stable trade environment

On the afternoon of November 20, the CPTPP - ASEAN Trade and Investment Dialogue Conference took place in Melbourne, Australia. Minister Nguyen Hong Dien attended and delivered a speech at the Conference.

The CPTPP - ASEAN Trade and Investment Dialogue was attended by ASEAN Economic Ministers and representatives of member countries of the Comprehensive and Progressive Agreement for Trans- Pacific Partnership (CPTPP). The conference was held in a combined in-person and online format.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien attends the CPTPP - ASEAN Trade and Investment Dialogue. Photo: Nguyen Minh

According to Minister Nguyen Hong Dien, in the current context, close cooperation between CPTPP and ASEAN has a meaning beyond a normal exchange, demonstrating our determination to maintain an open, stable and rule-based trade environment.

Conference scene. Photo: Nguyen Minh

“ Together we can make a strong contribution to strengthening the multilateral trading system. Sharing experiences and coordinating positions among members not only raises the common voice in discussing reform of decision-making mechanisms or restoring the dispute settlement system, but also helps shape new rules in line with modern trade and economic development models. This is in line with the interests of countries in the region and makes a practical contribution to the global trade structure, ” the Vietnamese Minister of Industry and Trade emphasized.

Conference Executive Board. Photo: Nguyen Minh

Based on the existing cooperation foundation, Minister Nguyen Hong Dien said that it is possible to facilitate trade and enhance regional competitiveness. CPTPP brings high standards of transparency, digital trade and investment facilitation while ASEAN has a wide scope, high inclusiveness and a deep network of connections between economies. The combination of these two factors opens up great opportunities to reduce transaction costs, simplify procedures, harmonize regulations and especially support small and medium enterprises in deep integration into the regional market.

In the next 12 months, the Vietnamese Minister of Industry and Trade recommended that the two sides could prioritize a number of initiatives such as: Strengthening market connectivity and promoting joint trade to promote cooperation on digital trade; improving transparency and standardizing non-tariff measures; building a coordination mechanism to enhance supply chain resilience, especially for strategic industries.

Minister Nguyen Hong Dien met with Malaysian Deputy Minister of Investment, Trade and Industry Liew Chin Tong. Photo: Nguyen Minh.

“ These are areas that can bring direct benefits to businesses and people of participating countries ,” Minister Nguyen Hong Dien emphasized.

The CPTPP - ASEAN Trade and Investment Dialogue Conference marks a new step forward in efforts to deepen cooperation between CPTPP and ASEAN in the next stage of development.

Minister Nguyen Hong Dien met and discussed with Ms. Claudia Sanhueza Riveros, Deputy Minister of Trade of Chile on the sidelines of the event. Photo: Nguyen Minh

After the CPTPP - ASEAN Trade and Investment Dialogue Conference, CPTPP member countries will continue to attend the CPTPP - EU Trade and Investment Dialogue Conference.

Nguyen Minh from Melbourne, Australia

Source: https://congthuong.vn/bo-truong-nguyen-hong-dien-su-hop-tac-giua-cptpp-asean-co-y-nghi-vuot-tren-mot-cuoc-trao-doi-thong-thuong-431356.html