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.
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(Photo for illustration: dangcongsan.vn) |
On July 16, 2023, the CPTPP parties signed an accession protocol with the U.K., welcoming it as the 12th member.
The CPTPP will enter into force for the U.K. once all the CPTPP members, including the U.K., 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 U.K. ratify the agreement.
In its resolution, the N.A. 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 the 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 N.A. and its Standing Committee, Council for Ethnic Affairs and committees, along with N.A. deputy delegations and legislators will supervise the implementation of the resolution.
Source: VNA