CPTPP to bring both opportunities, challenges to breeding sector
The newly-signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP), is expected to create many opportunities and challenges for Vietnam’s agricultural sector, including the breeding industry, stated Hoang Thanh Van, head of the Department of Livestock Production.
He stressed the need to focus on improving quality of strong products, as the production cost of Vietnam’s breeding sector is higher than in developed countries.
Van asserted that domestic farms should change their management method for integration. Import tax for breeding equipment will also be reduced, cutting production costs.
Vietnamese agriculture is attractive as the economy is growing and consumption trends are changing, bringing opportunities to lure foreign investment, Van said, noting that many firms are looking to pour capital into building a genetic research centre in Hoa Lac hi-tech park.
Institutional reform is another urgent need for Vietnam when CP TPP becomes effective, he said, underlining the significance of reviewing technical standards.
After thoroughly studying the deal, Van affirmed that CP TPP will bring more benefits than negative impacts to Vietnam.
Van revealed that the Department of Livestock Production will hold several national conferences on developing production chains for pork and chicken meat, while reviewing cow breeding methods to restructure the breeding industry.
The CPTPP was signed in Chile on March 8 (local time) by representatives of 11 countries - Australia, Brunei, Canada, Malaysia, Mexico, Japan, New Zealand, Peru, Singapore and Vietnam.