Once the TPP between the 11 remaining countries is implemented, the U.S. will be the only major beef supplier to Japan that is still subject to quarterly safeguard mechanisms and higher tariff rates.
The global economy is continuing its gradual recovery from the financial crisis, with the latest data pointing to a broad-based pickup. However, longer term Asia is seen maintaining its position as the fastest-growing region, with China and India leading the charge.
The 15th Vietnam International Trade Fair (Vietnam Expo 2017) is an important bridge that connects Vietnamese and foreign enterprises, allowing them to meet and exchange views on business cooperation.
Implementing ten Free Trae Agreements (FTA) with many countries and territories, Vietnam has taken advantage of the agreements. In the 2018-2020 period, the tax reduction roadmap will be further promoted thus the tariff for many commodities is expected to drop to 0%, which will create new opportunities to increase import and export turnover, thereby boosting economic growth.
With a growing economy, sophisticated market, innovation, together with business-friendly infrastructure and a comfortable living environment, Japan is attractive destination for Vietnamese enterprises to invest in.
Businesses in Beijing and Tianjin and Hebei provinces in China want to promote investment and trade with Vietnamese partners, according to the Tianjin Foreign Economic and Trade Promotion Association.
Enterprises from Việt Nam and South Korea are encouraged to tap unexploited potential to foster co-operation based on common interests and individual strengths of each country in the face of opportunities and challenges arising from the 4th Industrial Revolution.
The Ministry of Planning and Investment has proposed to remove 21 conditional business sectors, including rice export, logistics and debt trading service.
The countries of developing East Asia and Pacific – among the most successful in the world in reducing poverty and improving living standards – need to adopt a new thinking if they are to achieve inclusive growth going forward, says a new World Bank report.
A national cooperation programme on sustainable employment for 2017-2021 between Vietnam and the International Labour Organisation (ILO) was signed in Hanoi on December 5.
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