Politics

NA approves resolution on UK’s CPTPP accession protocol

The National Assembly on June 25 morning ratified a resolution approving the UK’s accession protocol to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), with 94.25% of votes in favour.

The NA on June 25 morning ratifies a resolution approving the UK’s accession protocol to CPTPP (Photo: VNA)
The NA on June 25 morning ratifies a resolution approving the UK’s accession protocol to CPTPP (Photo: VNA)

Hanoi (VNA) – The National Assembly on June 25 morning ratified a resolution approving the UK’s accession protocol to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), with 94.25% of votes in favour.

Presenting the report on NA deputies' feedback, Chairman of the NA’s Foreign Affairs Committee Vu Hai Ha said all legislators agreed on the necessity of ratification.

The UK has committed to a higher level to market opening for Vietnam than other CPTPP countries and higher than the commitments under the UK – Vietnam Free Trade Agreement (UKVFTA) for some important issues. Under the CPTPP’s commitments, the UK will recognise that Vietnam’s manufacturing industries operate under market-based economic conditions, he said.

The NA’s ratification will make Vietnam among the first six CPTPP member countries to approve the UK’s accession protocol.

This demonstrates Vietnam’s proactiveness and responsibility in accelerating bilateral trade and investment relations with the UK, affirms its role and position in regional and international arenas, creates new momentum for its socio-economic development, improves the legal system and enhances the competitiveness of enterprises, Ha noted.

He added that the focus will be on intensifying the communications work to improve public awareness and understanding of CPTPP and UKVFTA, and effectively implement the trade pacts.

The Government has assigned relevant ministries and agencies to review and study amendments to the existing legal documents, or issue new ones to guide the implementation of Vietnam's commitments to the UK.

According to the NA Standing Committee, six CPTPP members may complete their ratification of the accession protocol by October 16, 2024, meaning that the protocol would come into force on December 16.

The NA Standing Committee has requested the Government have plans to improve the legal framework to implement the protocol when it takes effect, Ha said./.

VNA
#CPTPP #NA #Vietnam #UKVFTA #market-based economic condition #the UK’s accession protocol #economic development United Kingdom Vietnam
Follow VietnamPlus

Related News

Vietnam advised to fully tap CPTPP to boost exports to Canada

Vietnam advised to fully tap CPTPP to boost exports to Canada

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has opened up numerous opportunities for Vietnam and Canada to boost two-way trade, however, tax initiatives under the trade pact have not been tapped to the fullest extent by the Vietnamese exporters, said Vietnamese Trade Counsellor in Canada Tran Thu Quynh.

See more

Party General Secretary To Lam offers incense in tribute to late Party General Le Duan. (Photo: VNA)

Party General Secretary pays tribute to late leaders ahead of Tet

In the warm atmosphere ahead of Tet, General Secretary To Lam warmly inquired about the lives and work of the families of the late Party General Secretaries, expressing his hope that they will continue to uphold fine traditions, strive for further achievements in their work, and actively contribute to national development.

PM Pham Minh Chinh in the phone talks with his Singaporean counterpart Lawrence Wong. (Photo: VNA)

Vietnamese, Singaporean Prime Ministers hold phone talks to deepen bilateral ties

The Vietnamese leader put forward a number of proposals for bilateral cooperation, including continued prioritisation of the expansion and upgrading of the Vietnam–Singapore Industrial Parks (VSIPs) to a second generation model that integrates industry with services, high technology and eco-urban development, with a target of reaching 30 VSIPs in 2026, marking 30 years since the successful model was launched in Vietnam.

Mondulkiri's delegation presents Tet gifts to Lam Dong Border Guard Command. (Photo: VNA)

Vietnamese, Cambodian localities boost border cooperation

Cooperation and coordination between the Lam Dong Border Guard and Mondulkiri’s armed forces have been increasingly strengthened, playing an important role in maintaining political security, social order and stability in border areas.

Party General Secretary To Lam (ninth, left, front row) and delegates at the meeting pose for a group photo. (Photo: VNA)

Party chief meets with retired military generals ahead of Lunar New Year Festival

The Party chief called on the entire army to firmly uphold the principle of the Party’s absolute and direct leadership over the VPA in all aspects; focus on building an elite and modern force; enhance overall quality and combat strength; streamline the organisational structures; and develop the defence industry in a proactive, self-reliant, dual-use and modern direction.

National Assembly Chairman Tran Thanh Man addresses the ceremony. (Photo: VNA)

NA Chairman presents certificate of merit to "Dai bieu Nhan dan" Newspaper

The top legislator underscored the newspaper’s important role in disseminating the Party’s guidelines and policies, the State’s laws, and in reflecting the activities of the NA, its agencies and People’s Councils, while serving as a bridge between the legislature and voters nationwide.

Party General Secretary To Lam speaks at the event. (Photo: VNA)

Party chief meets with members of subcommittees preparing for 14th National Congress

Party General Secretary To Lam said preparations for the 14th National Party Congress had been carried out in the context of complex global developments, rising national development requirements and the need to deploy difficult and sensitive tasks, especially streamlining the political system, reorganising administrative units and operating a two-tier local administration system.

Minister of Foreign Affairs Le Hoai Trung (R) receives Ambassador of the Czech Republic Hynek Kmonicek (Photo: VNA)

Foreign Minister receives out-going Ambassador of Czech Republic

Political and diplomatic relations have continued to deepen through frequent all-level exchanges, culminating in the official upgrade of bilateral ties to a Strategic Partnership on the occasion of the 75th founding anniversary of diplomatic relations in 2025.

Permanent Member of the Party Central Committee’s Secretariat Tran Cam Tu (second, left) extends Tet greetings to former Party General Secretary Nong Duc Manh’s family. (Photo: VNA)

Permanent Secretariat member honours former Party leaders

Politburo member and Permanent Member of the Party Central Committee’s Secretariat Tran Cam Tu on February 10 paid visits and extended New Year wishes to former Party General Secretary Nong Duc Manh and to offer incense in remembrance of late Party General Secretary Nguyen Phu Trong at his residence.

PM Pham Minh Chinh speaks at the banquet (Photo: VNA)

PM, spouse host banquet for diplomatic corps in Hanoi

On behalf of Party General Secretary To Lam and other Party and State leaders, Prime Minister Pham Minh Chinh conveyed sincere gratitude to ambassadors, heads of international organisations, foreign governments, and peoples who have stood with Vietnam through challenges and triumphs throughout its process of national construction and defence.