TPP handbook introduced to southern enterprises

The handbook “Summary of TPP” was introduced to enterprises and trade associations at a conference entitled “Trans-Pacific Partnership Agreement – What enterprises need to know” in Ho Chi Minh City on April 14.

The conference was organised by the World Trade Organisation Centre and the Vietnam Chamber of Commerce and Industry (VCCI).

Speaking at the event, Deputy Director of the VCCI in Ho Chi Minh City Tran Ngoc Liem said it is the first TPP handbook in Vietnam which summarises the main contents of the TPP with clear guidance for businesses. It was developed by the VCCI in close consultation with the TPP Negotiation Delegation of Vietnam.

The next two years are important for the government and enterprises to prepare for TPP which may take effect in 2018, he noted, adding that the VCCI will help domestic businesses understand the trade deal and utilise its benefits through various activities.

Consul General of Australia Karen Lanyon highlighted the positive impacts of TPP, saying it will give a boost to the economy and create more employment opportunities.

According to Lanyon, the Australian government has been assisting the development of small and medium-sized enterprises (SMEs) in ASEAN, including Vietnam. It pledged to provide the best support for the country’s businesses in stimulating economic growth as well as in global integration.

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