TPP could be ratified in late 2016: NA official

09:32 | 06/07/2016 Events

The Vietnamese National Assembly (NA) will possibly ratify the Trans-Pacific Partnership (TPP) later this year, Deputy Head of the NA Committee for External Relations Ngo Duc Manh has said.

TPP could be ratified in late 2016: NA official

Making clothes for export at Garco 10 - Photo: vietnamplus

Accordingly, the NA will examine ratification proposals from the State president, the Government and relevant ministries and agencies.

After evaluating the Law on Signing, Joining and Implementing International Treaties as well as TPP-related issues, such as the necessity to ratify the deal, proposal procedures for ratification, the constitutionality and the level of compatibility with the NA and the NA Standing Committee (NASC)’s legal documents, and the possibility of directly applying all or a part of the agreement and requests for amendment, supplementation and abolition, the NA will officially ratify the TPP.

The NA will ratify the TPP by issuing a resolution which approves Vietnam’s participation in the TPP and recognises the effect of enforcing the commitments that need to be implemented by the country.

To serve investigation and ratification of the TPP in the future, ministries and sectors are requested to work closely with the NA Committee for External Relations and other NA agencies to promptly complete the TPP ratification.

Specifically, the Ministry of Industry and Trade needs to provide and disseminate full and comprehensive information about the agreement for NA deputies; review the TPP’s constitutionality and its level of compatibility with the NA and NASC’s legal documents; assess the impacts of the TPP on sectors and fields; and work out specific measures to seize opportunities and maximise Vietnam’s interests while participating in the TPP.

At the same time, consultations will be conducted among organisations, inpiduals and the business community in order to collect ideas and viewpoints on the direct impacts of the TPP, thereby enabling consultative bodies to build an implementation roadmap after the TPP takes effect in Vietnam./.


Source: NDO