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Japan is the partner that has signed the most bilateral and multilateral free trade agreements (FTAs) with Vietnam which open up many opportunities for stronger trade cooperation between the two nations, according to Tran Quang Huy, Director of the Ministry of Industry and Trade's Asia-Africa Market Department.

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Japan is a market with a large demand for imported agricultural, forestry and fishery products. This is also a potential market for Vietnamese agricultural products to expand in the coming time.

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The aim is to build a system to circulate resources in Southeast Asian countries and diversify Japan’s suppliers, by utilising used electronic devices, which contain copper and rare metals.

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Japan will work with the Association of Southeast Asian Nations (ASEAN) members to promote the digital processing of import-export activities in an effort to facilitate bilateral trade, Nikkei Asia reported.

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• On August 1st, 2020, the first protocol to amend the ASEAN-Japan Comprehensive Economic Partnership (AJCEP) between Japan and five members of the Association of Southeast Asian Nations (ASEAN), consisting of Laos, Myanmar, Singapore, Thailand, and Vietnam came into effect. • The AJCEP came into force in December 2008 and covers trade in goods and services, investment, and economic cooperation. • The protocol adds provisions concerning trade in services, movement of business people and investments, and is expected to strengthen reciprocal economic ties in wide-ranging fields between Japan and ASEAN countries.

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A revised free-trade pact between Japan and the Association of Southeast Asian Nations (Asean) facilitating the cross-border flow of services and investment came into force on Saturday.

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The government is reviewing the continuation of the free trade agreement (FTA) with ASEAN in the wake of the trading bloc’s reluctance to address India’s concerns over what it believes are asymmetries in the trade pact during the last ten years. According to Times of India, the country’s main grouse is the rising trade deficit with the 10–country bloc.

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The Japanese government is encouraging firms to relocate manufacturing from China to Southeast Asia. As Tokyo reacts to Beijing’s handling of the coronavirus and aggression in the South China Sea, it might foster stronger relations with ASEAN.

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Resolution No.101/NQ-CP has been issued to approve the First Protocol to amend the ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEP) signed on April 14, 2008.

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Japan has ratified updates to its comprehensive economic partnership deal with the 10-nation Asean bloc, with the changes to come into force on Aug 1, Japan's Ministry of Foreign Affairs (Mofa) said in a statement yesterday.

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