Parliament ratifies the UK's accession to CPTPP

With the majority of National Assembly deputies participating in the vote in favor, the National Assembly passed a resolution approving the document of accession of the United Kingdom of Great Britain and Northern Ireland to the Comprehensive and Progressive Agreement for Trans -Pacific Partnership (CPTPP).

National Assembly deputies press the button to approve the Resolution on the document on joining the CPTPP Agreement. (Photo: NA)

On the morning of June 25, continuing the 7th Session of the 15th National Assembly, the National Assembly voted to pass the Resolution approving the document of accession of the United Kingdom of Great Britain and Northern Ireland to the Comprehensive and Progressive Agreement for Trans- Pacific Partnership (CPTPP).

Voting results showed that 459 delegates voted in favor (accounting for 94.25%). The National Assembly passed the Resolution approving the document of accession of the United Kingdom of Great Britain and Northern Ireland to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with a high approval rate.

Presenting the Report on explanation, receiving opinions of National Assembly deputies, and revising the draft Resolution, Chairman of the National Assembly's Foreign Affairs Committee Vu Hai Ha said that National Assembly deputies all agreed on the necessity of ratification, the time for the National Assembly to ratify the Document at the 7th Session, 15th tenure and the draft Resolution of the National Assembly's ratification, and also said that: The UK has committed to a higher level of market opening to Vietnam than other countries in the CPTPP, higher than the commitment of the Free Trade Agreement between Vietnam and the UK (UKVFTA) in a number of important contents for Vietnam.

Within the framework of joining the CPTPP Agreement, the UK will recognize Vietnam's manufacturing industries operating under market economy conditions. The ratification of the Document by the 15th National Assembly at the 7th Session will put Vietnam among the first 6 CPTPP countries to ratify the Document, demonstrating Vietnam's positivity and responsibility in promoting bilateral trade and investment relations between Vietnam and the UK; affirming Vietnam's role and position in the region and the world; creating new momentum for the country's socio-economic development, contributing to perfecting the legal system and improving the competitiveness of enterprises.

Chairman of the National Assembly's Foreign Affairs Committee Vu Hai Ha also said that there were opinions suggesting urgent amendments, supplements and promulgation of necessary legal documents by the Government, ministries, branches and localities to implement commitments, ensure full and effective implementation of the Document, contributing to promoting socio-economic development and ensuring national defense and security.

Regarding this issue, the National Assembly Standing Committee stated: In the Explanatory Report and draft plan for implementing the Document sent to the National Assembly, the Government assigned relevant ministries and branches to immediately review and study the possibility of amending and supplementing current legal documents or promulgating new legal documents at the sub-law level to guide the implementation of Vietnam's commitments to the UK. In case of necessity to implement commitments on time, these legal documents will be developed and promulgated according to shortened procedures.

The National Assembly Standing Committee also recognized that the National Assembly ratified the Document at the 7th Session and the possibility that all 6 members of the CPTPP will complete the ratification procedure before October 16, 2024, the Document will soon take effect (from December 16, 2024). Therefore, taking into account the opinions of National Assembly deputies, the National Assembly Standing Committee requested the Government to study and revise the Plan, and specifically determine the time to complete the work contents on law and institutional development to promptly implement when the Document takes effect.

In response to the opinions and solutions raised by National Assembly deputies to improve the competitiveness of enterprises and promote Vietnam's advantages, localities and enterprises can take advantage of opportunities when the Document comes into effect, the National Assembly Standing Committee proposed that the Government study, supplement and specify these contents in detail in the Document Implementation Plan.

Chairman of the National Assembly's Foreign Affairs Committee Vu Hai Ha said that based on the explanations and comments of National Assembly deputies on the ratification of the Document, the National Assembly Standing Committee has directed the revision and completion of the draft Resolution of the National Assembly ratifying the Document of accession of the United Kingdom of Great Britain and Northern Ireland to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The National Assembly Standing Committee respectfully submits to the National Assembly for consideration and approval the Resolution ratifying the Document.

According to the Communist Party of Vietnam Electronic Newspaper

Source: https://baolaocai.vn/quoc-hoi-phe-chuan-van-kien-gia-nhap-cptpp-cua-vuong-quoc-anh-va-bac-ireland-post385826.html