Thailand China Business News

Author: Nguyen Anh Duong, Central Institute for Economic Management Following years of effort, in 2015 Vietnam concluded negotiations for the Trans-Pacific Partnership (TPP) trade deal. After the US withdrawal from the trade pact, Vietnam worked with the remaining members to revive it under the name of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Indeed, Vietnam was the seventh member to ratify the CPTPP. Vietnam’s enthusiasm for the CPTPP stems largely from hopes it will induce further domestic reforms by aligning external pressure over domestic vested interests, an approach the country has relied on since 1986. The long process…

Source link : Time for Vietnam to get cracking on CPTPP reforms by East Asia Forum

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