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Forget the big day

Five days before 14 January 2019 – the date of the Compact and Trans-Pacific Partnership Agreement (CPTPP) in Vietnam – I visited Canada's website for this agreement. Do you remember that at a time when their beautiful prime minister avoided the CPTPP meeting in Da Nang in November 2017, was it commented on the internet?

But now there is a big question at this portal: what are the benefits that CPTPP brings to every Canadian? And they use all kinds of media to attract public attention to support the deal.

Then I came across the website of the Vietnam Ministry of Industry and Trade when I saw the most prominent news letter being a letter from the minister to excuse the use of blue ocean wagons. In addition, there are reports about companies and state-owned corporations headed by the Ministry and then believed in the Tet Market. What CPTPP? There was only a small window, open and so cold and cold, cold text about agreement, not much practical information for business … I thought, "Heaven, only five days left …".

Until January 14, when I entered into the Treaties, I realized that there are other documents that are not new and specific, as the entrepreneur expects. I feel that the issue is not too concerned, does not see updates or meets the minimal need to learn answers to questions for businesses and citizens. I wonder where all the contract information is delivered?

The CPTPP is a very different agreement. It is a high-quality new generation agreement that is expected to open up the economy and unleash the country's development potential. Why does the Managing Authority have this duty to keep the page as nothing?

I would like to highlight the phrase "new generation" with "high quality" due to its difference. The participating countries include 11 countries with a total turnover of USD 10 000 billion, representing 13.5% of world GDP and covering 500 million people. If only cold data is calculated, the CPTPP is not the same as ASEAN, because ASEAN covers the market for up to 600 million people. But nature is a very big difference.

Two major differences in CPTPP compared to previous Free Trade Agreements: high standards for the removal of barriers to trade and investment; as well as the driving force behind legal reform, which creates a favorable business environment and fair competition. The CPTPP also includes unprecedented new elements such as public procurement, the environment, independent working organizations … with a requirement for transparency of information and a mechanism for resolving binding disputes. , a clear and close punishment.

The CPTPP will substantially reduce 95% of the rates among member countries. Vietnam can expect immediate commercial benefits, particularly in the area of ​​export activities, including a reduction in textile and footwear taxes from most member countries.

The content of the CPTPP laws differs from free trade agreements, apart from the 30 basic chapters, there are also agreements (bilateral letters) on double or multilateral hands between countries. Therefore, in order to understand the CPTPP, it is necessary not only to study in the agreement, but also to study the agreed letter.

Vietnam is the seventh country to complete the procedures for the entry into force of the CPTPP. Six countries that have made a previous agreement have all propaganda activities, are preparing for work and thorough for businesses and people. I refer to the portal of the member countries. A month ago, as soon as the CPTPP was in force, they reminded their country's companies that: they firmly understood the commitments of their countries and partners to make the most of the benefits of the agreement. ; to inform the competent authorities of any problems encountered during the implementation of the agreement on time; Carefully and responsibly cooperate with public agencies such as customs, tax, animal and plant quarantine, intellectual property, border control … of the CPTPP countries. They also call on their businesses to "actively link and join the new value chain in a block".

As far as we are concerned, some companies have questioned me that the publication of the agency agreement is still lacking in the clear, specific content and the lack of directives to be applied by the authorities. The CPTPP's occasional analysis, published on the Ministry's website, stated: "Immediately after the ratification of the National Assembly (November 12, 2018), a law development program has been developed that has implemented the CPTPP with revised content accompanying tasks with specific deadlines to be issued" but not yet documented.

Ministerial documents still record "in line with experience with WTO implementation" or "as well as the WTO implementation process" have caused businesses to be afraid. Is the difference in the concept of "new generation" thoroughly understood?

In fact, SMEs in nearly 10 countries can get the deal faster with market and opportunity information right now. Vietnamese companies therefore need to intensively explore and understand the CPTPP and improve their ability to penetrate the external markets. Each industry should set up an international advisory group on commercial law, ready for disputes.

Today, however, I still get questions from many businesses, so far I have not seen how much my Vietnam is moving around for several seminars. Published newspapers, then settle down, lose? Too abnormal. We signed up. And if we do not want to "present" the market to almost 100 million people in Vietnam with CPTPP-protected incentives, why are not we interested in communicating, promoting and using incentives? Is it responsible for businesses, consumers and their country? Why can not you see the opportunities to promote government capacity, sustainable development?

What are the preliminary information on the Ministry's website that affect Vietnam's overall competitiveness with the other 10 members and partners, competitors in the world?

Now it's time to run a separate portal for CPTPP quickly. And the first information it publishes is based on the organization of the CPTPP Steering and Implementing Committee.

Vu Kim Hanh

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