RCEP enforcement plan promulgated in Vietnam

-Deputy Prime Minister Pham Binh Minh has signed a decision granting approval to a plan on the enforcement of the Regional Comprehensive Economic Partnership (RCEP), which entered into force from January 1, 2022. The plan is designed to assign various tasks and responsibilities to relevant agencies and organizations, decide on measures relating to the direction and administration, and other measures which can fully and effectively implement this agreement.

Accordingly, ministries, ministerial-level agencies, Governmental agencies, along with People’s Committees of provinces and centrally-run cities will enhance the dissemination of information about the RCEP and legal documents revised, supplemented, annulled, or promulgated. This will be done to implement an agreement for relevant entities, especially those that may be impacted such as the business community, industry associations, cooperatives, management agencies at the central and local levels, and workers through the media, websites, publications, documents, training courses, seminars, and dialogues.

Attention will also be paid to promoting the provision of information and forecasts relating to import and export markets, as well as the domestic market, in order to help Vietnamese enterprises gain a greater understanding about the information, technical requirements, and import-export management regulations of RCEP signatories.

The RCEP was signed between 10 ASEAN members and five partners, including China, Japan, the Republic of Korea, Australia, and New Zealand, in November, 2020. The deal features nations which account for 30% of global gross domestic product (GDP) worth 26.2 trillion USD.



Source: VOV5

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