Review of Critical Legislative Activities for Better Implementation of the CPTPP | Business

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Illustrative image. (Photo: tapchitaichinh.vn)

Hanoi (VNA) – The Vietnam Chamber of Commerce and Industry (VCCI) in coordination with the Central Institute of Economic Management (CIEM) organized a virtual seminar on November 10 on the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) from the law -do perspective.

The seminar is organized as part of the Australian-funded program, Aus4Reform, which helps the Vietnamese government achieve its goal of improving the business environment and modernizing the national economy.

The CPTPP has a direct impact on many national legal institutions in Vietnam. Therefore, the modification and development of national legal regulations to ensure compatibility with the commitments is the most important task in the implementation of the agreement.

Charles Thursby-Pelham, First Secretary of the Australian Embassy in Vietnam, said the comprehensive review of legislative activities to implement the CPTPP is useful for state agencies, VCCI, associations and every company when evaluating the benefits of this agreement. The results will also be useful for the next steps in the implementation of the CPTPP in particular and free trade agreements (FTAs) in general in the future.

On behalf of the research team, Nguyen Thi Thu Trang, Director of the Center for WTO and Integration under VCCI, indicated that a total of 11 legal documents have been issued to immediately implement the CPTPP commitments and four documents are being drafted for the implementation of the CPTPP commitments in accordance with the roadmap for the period 2019-2021 .

Review essential legislative activities for a better implementation of the CPTPP hinh anh 2An overview of the seminar. (Photo courtesy of VCCI)

According to Trang, most of the provisions of the legal documents are consistent with the CPTPP’s commitments which have been “internalized”. Some regulations are at a higher level than required or with an earlier roadmap, she said.

Trang also made recommendations to improve the efficiency of law-making in implementing the CPTPP as well as newly signed FTAs, such as reviewing the compatibility of regulations with FTA commitments and l The development of legislative plans must be done in a more inclusive manner.

The compilation of legal documents should be done as soon as possible and the compiling agency should pay particular attention to consultation with relevant topics, she said, adding that the process of implementing commitments should be regularly monitored and deficiencies should be addressed. quickly processed.

The Seminar and Research Report on Legislative Efforts to Implement CPTPP is part of VCCI’s series of activities to support businesses related to CPTPP and ALEs. In the coming times, VCCI will continue to organize events to provide information on the commitments and implementation of FTAs ​​in order to help companies as well as relevant state agencies to bring maximum benefits to the Vietnamese economy. during the implementation of these agreements./.


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