Adoption of resolution on the UK's accession document to the CPTPP Agreement

The National Assembly voted to pass the Resolution approving the Document of Accession to the CPTPP Agreement of the United Kingdom of Great Britain and Northern Ireland.

On the morning of June 25, the National Assembly voted to approve the Resolution approving the United Kingdom of Great Britain and Northern Ireland's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) by electronic voting. As a result, 460 delegates participated in the vote (accounting for 94.46%), of which 459 delegates voted in favor (accounting for 94.25%), and 1 delegate voted against.

Thus, with the majority of delegates participating in the vote in favor, the National Assembly officially passed the Resolution ratifying the Document of Accession to the CPTPP Agreement.

Promote trade relations

Before passing the above resolution, on behalf of the National Assembly Standing Committee, Chairman of the National Assembly's Foreign Affairs Committee Vu Hai Ha presented a report explaining and accepting the opinions of National Assembly deputies, revising the draft Resolution approving the Document of Accession to the CPTPP Agreement of the United Kingdom of Great Britain and Northern Ireland.

Accordingly, regarding the authority to ratify and the order and procedures for proposing the ratification of the document, Chairman of the National Assembly's Foreign Affairs Committee Vu Hai Ha said that the National Assembly deputies all agreed that the Document of Accession to the CPTPP Agreement by the United Kingdom of Great Britain and Northern Ireland is an inseparable part of the CPTPP Agreement, with the content of amending and supplementing the CPTPP Agreement under the authority of the National Assembly to ratify.

The order, procedures and documents for submitting for approval of documents must comply with the provisions of the 2013 Constitution, the Law on Organization of the National Assembly, and the Law on International Treaties.

Regarding the necessity of ratification, the time of ratification and the draft Resolution of the National Assembly, the National Assembly deputies all agreed on the necessity of ratification, the time of ratification of the Document by the National Assembly at the 7th Session, 15th tenure and the draft Resolution of the National Assembly, and at the same time stated that: The United Kingdom has committed to a higher level of market opening for Vietnam than other countries in the CPTPP, higher than the commitment of the Free Trade Agreement between Vietnam and the United Kingdom (UKVFTA) in a number of important contents for Vietnam.

Under the CPTPP, the UK will recognise Vietnamese manufacturing industries as 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 enhancing the competitiveness of enterprises,” Chairman Vu Hai Ha emphasized.

Implementing Vietnam's commitments

At the meeting, the National Assembly Standing Committee also explained and received some contents that the delegates were interested in. In particular, some National Assembly delegates analyzed the challenges and higher requirements for the fields of trade, import and export of goods, financial services, banking and recommended that the Government should have solutions to strengthen the implementation of FTAs, improve the competitiveness of enterprises, promote Vietnam's advantages, and take advantage of opportunities when the Document comes into effect.

Chairman of the National Assembly's Foreign Affairs Committee Vu Hai Ha

Regarding the above content, Chairman of the National Assembly's Foreign Affairs Committee Vu Hai Ha said that the Government has identified the main tasks in the draft plan to implement the document, which includes the task of strengthening the propaganda and dissemination of the document's content.

In order to fully and effectively implement the document, the National Assembly Standing Committee requested the Government to study and supplement the document implementation plan with the content of continuing to strengthen the dissemination of the contents of the CPTPP Agreement as well as the UKVFTA Agreement.

In addition, there are opinions suggesting urgent amendments, supplements, and promulgation of necessary legal documents of the Government, ministries, branches, and localities to implement commitments, ensure full and effective implementation of documents, contribute to promoting socio-economic development and ensuring national defense and security.

Chairman of the National Assembly's Foreign Affairs Committee Vu Hai Ha said in the explanatory report and draft plan for implementing the document sent to the National Assembly, the Government has assigned relevant ministries and branches to immediately review and study the possibility of amending and supplementing current legal documents or issuing new legal documents at the sub-law level to guide the implementation of Vietnam's commitments to the UK.

The National Assembly Standing Committee also recognized that the National Assembly ratified the document at the 7th Session and the possibility that all 6 CPTPP members 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 requests 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,” informed Chairman Vu Hai Ha.

Chairman Vu Hai Ha also emphasized that he would accept the opinions and solutions that the National Assembly deputies had raised 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 the document's implementation plan.

TB (according to Vietnam+)

Source: https://baohaiduong.vn/thong-qua-nghi-quyet-ve-van-kien-gia-nhap-hiep-dinh-cptpp-cua-vuong-quoc-anh-385483.html