Laws to be revised to implement CPTPP
Updated : Monday, February 11, 2019 11:26 AM (GMT+0700)

Vietnam will revisesome laws to implement the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP), and the drafts will be submitted to theNational Assembly in May.

An electronic component factory of the Japanese-invested INOAC Vietnam JSC in Quang
Minh Industrial Park of Hanoi - Photo: VNA

The laws consist of the 2010 Law on Food Safety, the 2000 Lawon Insurance Business, the 2010 law amending and supplementing some articles ofthe Law on Insurance Business, and the 2005 Law on Intellectual Property.

The Ministry of Industry and Trade will coordinate with theMinistry of Agriculture and Rural Development, the Ministry of Finance, theMinistry of Science and Technology, the Ministry of Justice and relevantsectors to carry out the task.

The CPTPP, which came into force in Vietnam on January 14,saw the participation of 11 member states, namely Australia, Brunei, Canada,Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam thataltogether make up 13.4 percent of the global GDP.

The pact was signed in March 2018 and officially took effecton December 30 the same year in Mexico, Japan, Singapore, New Zealand, Canada,and Australia – the first six countries to ratify it.

Source: VNA

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