RCEP Agreement: Opportunities and challenges from the perspective of regulatory agencies
The Regional Comprehensive Economic Partnership (RCEP) between ASEAN and China, Korea, Japan, Australia and New Zealand coming into force is expected to have a strong impact on the economy and manufacturing activities. business of Vietnamese enterprises.
After more than a year of signing, RCEP is expected to take effect from April 2022. As the world’s largest free trade agreement, RCEP is assessed to have a strong impact on the economy and business activities of Vietnamese enterprises when over 70% of Vietnam’s imports are from RCEP.
In order to provide businesses with information about Vietnam’s progress and commitments when joining RCEP, the Customs & Trade Facilitation Department and the Member Affairs Department (under VLA) cooperated with the Ho Chi Minh City Customs Department to organize conference to discuss this agreement.
The seminar will have presentations by Mr. Dang Thai Thien, Deputy Head of Customs Supervision and Administration, Ho Chi Minh City Customs Department and Mr. Tran Ngoc Binh, Head of Import-Export Department of Ho Chi Minh City, Import-Export Department. , Ministry of Industry and Trade. Businesses can share questions around this agreement to be answered.
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