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| Containers at Tan Cang Sai Gon port - Illustrative image__Photo: VNA |
National Assembly (NA) Chairman Tran Thanh Man has signed to attest the legislature’s resolution approving the UK’s accession protocol to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The CPTPP is a free trade agreement between 11 countries, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. It came into being on December 30, 2018, with the first six countries to ratify the agreement being Canada, Australia, Japan, Mexico, New Zealand and Singapore. The agreement has been in force for Vietnam since January 14, 2019.
On July 16, 2023, the CPTPP parties signed an accession protocol with the UK, welcoming it as the 12th member.
The CPTPP will enter into force for the UK once all the CPTPP members, including the UK, complete their respective ratification processes. If all the members won't have ratified it by October 16, 2024, the protocol will take effect after six CPTPP members and the UK ratify the agreement.
In its resolution, the NA assigned the Government to review relevant legal documents to make timely amendments and supplements or promulgate new ones to ensure the consistency of the legal system and the on-schedule implementation of the commitments in the protocol.
The Prime Minister is responsible for approving and directing relevant agencies and organizations at central and local levels to carry out plans to implement the protocol, the legislative body stressed, asking the Government to direct ministries and sectors to complete the protocol ratification procedures and announce the date it becomes effective for Vietnam.
The NA and its Standing Committee, Council for Ethnic Affairs and committees, along with NA deputy delegations and legislators will supervise the implementation of the resolution.__(VNA/VLLF)
