On October 30th, 2015, with the permission of Danang People's Committee, Danang Investment Promotion Center coordinated with Party Committee of Danang businesses, Vietnam Chamber of Commerce and Industry (VCCI) – Danang branch, and Danang Young Entrepreneur Association to organize the Seminar on "TPP- Impacts of Trade and FDI inflows on Danang Localities and Enterprises". More than 300 businesses, domestic and foreign investors, representatives of city departments and media agencies participated in the event. The main speakers were Mr. Herb Cochran, General Director of Amcham Vietnam, Mr. Nestor Scherbey, President of Customs and Trade Facilitation Working Group - Amcham Vietnam and Mr. Nguyen Dien, Vice Director of VCCI Vietnam – Danang Branch.
Trans-Pacific Partnership Agreement is a free trade agreement signed among twelve Asia-Pacific region countries. This is one of the most high-standard and comprehensive trade agreements in the history, covering such areas as goods exchange, rule of origin, technical barriers, service exchange, intellectual property, administrative and institutional issues… The official manuscript of the agreement would be published in mid-November, 2015. According to the speakers at the Seminar, TPP Agreement would offer enormous opportunities for Vietnamese businesses to further integrate into the global economy, but also pose many challenges for businesses in implementing and complying with provisions regulated by the Agreement such as rules of origin (ROO) and custom procedures to enjoy the import-export tax and duties preferences for TPP members…
In the Q&A section, businesses and associations expressed special interests in the prospects and opportunities for Danang and Vietnam following TPP Agreement, and also raised specific questions regarding Amcham's recommendation for local and FDI businesses to take the most advantage of TPP. Particularly, Mr. Herb Cochran and Mr. Nestor Scherbey stated that the US government, through Amcham, would provide practical assistance for Vietnamese government and companies in implementing TPP Agreement such as providing technical support, organizing Seminar and Conferences on updates on the Agreement and supporting businesses to overcome difficulties…
IPC Danang
