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April 5, 2019
Vietnam expected to surpass China as largest supplier of wooden products to the US
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially took effect on December 30, 2018 and came into force on January 14, 2019 in Vietnam. Experts believe this will be a big opportunity for the nation to boost exports across the board, including wooden products to the 10 CPTPP markets, which together account for nearly 13.5 per cent of global GDP, and a $10 trillion comprehensive market size. Nguyen Ton Quyen, vice chairman of the Vietnam Timber and Forest Product Association (Vifores), said: “The enforcement of the CPTPP will impact many stakeholders including ...
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