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FedEx Highlights New Cross-Border Trade Opportunities for Businesses through Regional Comprehensive Economic Partnership
edEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, is ready to help businesses in Vietnam tap into new cross-border trade opportunities from the Regional Comprehensive Economic Partnership (RCEP). The RCEP is the world’s largest free trade agreement covering 15 countries including Vietnam.
Experts from FedEx spoke at an RCEP-focused conference, which was held on December 15, 2022. They highlighted the opportunities enabled by the trade agreement and areas where Vietnam businesses can tap into for potential growth. FedEx plays a crucial role in expanding trade, helping businesses build agile supply chains and contributing to the export of local products to global customers around the world. They also shared how FedEx can support local companies globalize their business by taking advantage of this economic agreement.
“The RCEP offers significant opportunities for Vietnam businesses, including small and medium-sizes enterprises (SMEs), to accelerate cross-border trade and economic recovery. The conference aims at helping them better prepare and enhance their competitiveness as they expand to new markets or look to tap into the global value chain,” said Hardy Diec, managing director of FedEx Express Indochina. “The free-trade agreement may benefit Vietnam businesses through tariff reduction and better access to inputs and raw materials.”