Mr. Truong Dinh Tuyen: Enterprises need to firmly grasp the commitments related to their fields.

(Baonghean.vn) - On the afternoon of December 2, the Provincial Party Committee Standing Committee continued to organize a thematic conference on international economic integration in the current period. The topic was presented by comrade Truong Dinh Tuyen - Former member of the Party Central Committee, former Minister of Trade.

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Attending the conference were comrades: Nguyen Dac Vinh - Member of the Party Central Committee, Secretary of the Provincial Party Committee; Nguyen Xuan Son - Standing Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council; Nguyen Xuan Duong - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, comrades in the Provincial Party Committee Standing Committee, comrades in the Provincial Party Committee Executive Committee, secretaries of districts, cities, towns, affiliated Party Committees, leaders of provincial departments, branches and sectors.

Comrade Truong Dinh Tuyen clarified the contents surrounding new free trade agreements, TPP, ASEAN economic community - opportunities and challenges for Vietnam.

At the conference, comrade Truong Dinh Tuyen clarified the contents surrounding new free trade agreements, TPP, ASEAN economic community - opportunities and challenges for Vietnam: Why do new free trade agreements and TPP appear? The formation process and characteristics of the Trans-Pacific Partnership Agreement (TPP) and ASEAN economic community (APEC); How do we take advantage of opportunities and overcome challenges when participating in new free trade agreements and TPP?

Delegates attending the Conference.

With 30 chapters, the TPP agreement is the Trans-Pacific Partnership agreement that not only addresses the areas of goods, services, and investment, but also new issues such as e-commerce and state-owned enterprises.

By joining TPP, Vietnam has the opportunity to attract investment, especially from large partners with source technology. Especially expanding exports, not only exporting industrial goods but also increasing the export of agricultural products and processed agricultural products, in which, many items in this group will have their import tax reduced to 0% by the US and other countries immediately after the agreement comes into effect. In particular, joining TPP will enhance our country's position in the international arena, especially in a region where strategic competition between major countries is taking place such as Southeast Asia.

Conference overview.

Regarding the issue of taking advantage of opportunities and overcoming challenges when participating in new free trade agreements and TPP, former Minister Truong Dinh Tuyen emphasized that competition will be fierce on all three levels, but this challenge is also an opportunity. For agricultural products, the biggest challenge is still ensuring food hygiene and safety standards and disease prevention. Otherwise, even though import taxes of countries are reduced to 0% and goods are abundant and diverse, but poor quality, they still cannot be exported.

So how to take advantage of opportunities and overcome challenges? First of all, state agencies and the business community must grasp the commitments of Vietnam and the 11 partners to properly implement them; at the same time, improve competitiveness to take advantage of opportunities and overcome challenges.

Produced at Royal Foods factory, Nam Cam Industrial Park. Photo courtesy.

Enterprises are the subjects that create strength in the market, the force that demonstrates the competitiveness of the whole economy. Therefore, enterprises need to grasp the agreement, especially the commitments related to their fields of operation; need to restructure enterprises, transform growth models, improve competitiveness; comply with criteria in investment and product development, build corporate culture, and promote corporate social responsibility./.

Thu Huyen