With a majority of National Assembly delegates voting in favor, the National Assembly passed a resolution ratifying the United Kingdom and Northern Ireland's accession to the Comprehensive and Progressive Trans- Pacific Partnership Agreement (CPTPP).
On the morning of June 25th, continuing the program of the 7th Session of the 15th National Assembly, the National Assembly voted to approve the Resolution ratifying the accession document of the United Kingdom and Northern Ireland to the Comprehensive and Progressive Trans- Pacific Partnership Agreement (CPTPP).
The voting results showed that 459 delegates voted in favor (94.25%). The National Assembly passed the Resolution approving the accession of the United Kingdom and Northern Ireland to the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) with a high percentage of votes in favor.
Presenting the report explaining and incorporating the opinions of National Assembly deputies, and revising the draft Resolution, the Chairman of the National Assembly's Foreign Affairs Committee, Vu Hai Ha, stated that National Assembly deputies unanimously agreed on the necessity of ratifying the document at the 7th Session of the 15th National Assembly, as well as the draft Resolution on ratification. He also noted that the United Kingdom has made a higher level of market opening commitment to Vietnam compared to other countries in the CPTPP, and higher than the commitments of the Free Trade Agreement between Vietnam and the United Kingdom (UKVFTA) in several important areas for Vietnam.
Within the framework of joining the CPTPP Agreement, the United Kingdom will recognize Vietnamese manufacturing industries operating under market economic conditions. The ratification of the Agreement by the 15th National Assembly at its 7th session places Vietnam among the first six CPTPP countries to ratify the Agreement, demonstrating Vietnam's proactive and responsible approach in promoting bilateral trade and investment relations with the United Kingdom; affirming Vietnam's role and position in the region and the world; creating new impetus for the country's socio-economic development; contributing to the improvement of the legal system; and enhancing the competitiveness of businesses.
The Chairman of the National Assembly's Foreign Affairs Committee, Vu Hai Ha, also stated that there have been suggestions to urgently amend, supplement, and promulgate necessary legal documents by the Government, ministries, sectors, and localities to implement commitments, ensure full and effective implementation of the Document, and contribute to promoting socio-economic development and ensuring national defense and security.
Regarding this matter, the Standing Committee of the National Assembly stated: In the explanatory report and draft plan for implementing the document submitted to the National Assembly, the Government has assigned relevant ministries and agencies to immediately review and study the possibility of amending or supplementing existing legal documents or issuing new legal documents at the sub-legal level to guide the implementation of Vietnam's commitments to the United Kingdom. If necessary to fulfill the commitments within the specified timeframe, these legal documents will be drafted and issued through a simplified procedure.
The Standing Committee of the National Assembly also noted that with the National Assembly's ratification of the Document at the 7th Session and the likelihood that all 6 CPTPP members will complete the ratification procedures before October 16, 2024, the Document will soon come into effect (from December 16, 2024). Therefore, in response to the opinions of National Assembly deputies, the Standing Committee of the National Assembly requested the Government to study and revise the Plan, specifying the timeframe for completing the work on lawmaking and institutional development to ensure timely implementation when the Document comes into effect.
Taking into account the opinions and solutions raised by National Assembly deputies aimed at enhancing the competitiveness of businesses and leveraging Vietnam's advantages, and enabling localities and businesses to seize opportunities when the Document comes into effect, the Standing Committee of the National Assembly requests the Government to study, supplement, and specify these contents in the Plan for implementing the Document.
According to Vu Hai Ha, Chairman of the National Assembly's Foreign Affairs Committee, based on the explanations and feedback from National Assembly deputies regarding 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 on the accession of the United Kingdom and Northern Ireland to the Comprehensive and Progressive Trans-Pacific Partnership Agreement. The National Assembly Standing Committee respectfully submits the Resolution ratifying the document to the National Assembly for consideration and adoption.
According to the online newspaper of the Communist Party of Vietnam.
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