In a related adjustment, the UK Trade Remedies Authority announced that the overall safeguard quota will be relaxed, increasing by 0.1% every six months, effective from July 1, 2025.
In his recent interview with the Vietnam Government Portal (VGP), UK Ambassador to Vietnam Iain Frew affirmed that the agreement will help to liberalize trade and investment between UK and Vietnam as well as between the UK and the rest of the CPTPP members.
The Vietnamese government welcomes advice from the Tony Blair Institute for Global Change on finance, energy transformation, and technology as it aims for developed country status.