Vietnam works to ratify CPTPP

08:23 | 22/07/2018 Cooperation

The Ministry of Industry and Trade is making every endeavour to complete all required papers and to submit the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to the National Assembly for ratification in the legislature’s session later this year.

Foreign Ministry’s spokesperson Le Thi Thu Hang - Photo: MOFA

The Foreign Ministry’s spokesperson Le Thi Thu Hang told this news to reporters at the ministry’s regular press conference in Hanoi on July 19.

Responding to reporters’ questions about the possibility of expanding the CPTPP, Hang said the trade deal will enter into force 60 days after six of the signatories have finished ratifying it. Vietnam and other member states are conducting the necessary ratification procedures in line with each country’s related regulations.

The agreement will be soon be implemented to boost win-win economic cooperation between member economies, as well as contribute to the regional economic growth and connectivity, she noted.

The CPTPP is an open agreement that allows other countries to join after the deal takes effect if they accept its principles and are approved by the member states, she added.