Improve business competitiveness
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.
Chairman of the National Assembly's Foreign Affairs Committee Vu Hai Ha.
Accordingly, the majority of National Assembly deputies agreed on the authority to ratify and the procedures for proposing the ratification of the United Kingdom of Great Britain and Northern Ireland's accession document to the CPTPP Agreement as an integral part of the CPTPP Agreement, with the content of amending and supplementing the CPTPP Agreement under the National Assembly's authority to ratify.
Agreeing on the need for ratification, when the National Assembly ratified the Document at the 7th session, 15th tenure, National Assembly delegates unanimously agreed that the UK had committed to opening its market to Vietnam at a higher level than other countries in the CPTPP, higher than the commitment of the UK-Vietnam Free Trade Agreement (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.
Parliament officially ratifies the document of accession of Great Britain and Northern Ireland to CPTPP
The ratification of the Document by the 15th National Assembly at its 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.
At the same time, affirming the role and position of Vietnam 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.
Proposing the Government to study, supplement and specify in detail
There are suggestions to urgently amend, supplement and promulgate necessary legal documents of the Government, ministries, branches and localities to implement commitments, ensure full and effective implementation of the Document, contribute to promoting socio-economic development and ensuring national defense and security.
The National Assembly Standing Committee said that 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 issuing new legal documents at the sub-law level to guide the implementation of Vietnam's commitments to the UK.
Where necessary to carry out commitments on time, these legal documents will be developed and issued in a shortened order and procedure.
The Standing Committee of the National Assembly 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, absorbing the opinions of National Assembly deputies, the National Assembly Standing Committee proposed that the Government 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 comes into 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 the Document Implementation Plan.
Source: https://www.baogiaothong.vn/quoc-hoi-chinh-thuc-phe-chuan-van-kien-gia-nhap-cptpp-cua-anh-va-bac-ireland-192240625085107015.htm
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