Joint statement on conclusion of negotiations on UK’s CPTPP accession issued

VOV.VN - Representatives from member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the UK adopted a joint statement at a ministerial level regarding the substantial conclusion of negotiations on the UK's accession to the CPTPP at their virtual meeting on March 31 (Vietnam time).

The meeting was chaired by Japanese Minister of Economy, Trade and Industry (METI) Shigeyuki Goto, who is also chairman of the UK’s Accession Working Group (AWG). In addition, talks also drew the attendance of ministers and representatives of CPTPP members, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam, as well as the UK.

Participants confirmed that the UK has provided commercially meaningful market access offers of the highest standard on goods, services, investment, financial services, government procurement, state-owned enterprises, and temporary entry for business persons.

They agreed on the means by which the UK will comply with the existing rules contained within the CPTPP. All countries therefore pledged to work together to prepare and verify the legal instrument of the accession.

They hailed Vietnamese success in hosting the negotiations for the accession in late February and early March, a factor which has contributed to the substantial conclusion of the process.

Upon addressing the event, Vietnamese Minister of Industry and Trade Nguyen Hong Dien expressed his joy that CPTPP members and the UK have been able to reach positive results in this round of negotiations and promptly released a joint statement at a ministerial level on the substantial conclusion of negotiations on the UK's accession to the CPTPP.

He confirmed Vietnamese support for the UK’s finalisation of procedures to join the CPTPP.
The CPTPP is one of the most comprehensive and ambitious trade deals ever concluded. It is also one of the largest trade pacts in the world, covering 13.5% of global GDP and a market of about 500 million people.

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