Việt Nam publishes RCEP implementation plan

VIETNAM, January 7 –

A symbol of unity is placed at the headquarters of the ASEAN Secretariat in Jakarta, Indonesia. Photo VNA / VNS

HÀ NỘI Deputy Prime Minister Phạm Bình Minh signed a decision approving an implementation plan for the Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1.

The plan aims to assign tasks and responsibilities to the relevant agencies and organizations, to decide on measures related to leadership and administration, and other measures to implement this agreement fully and effectively.

As a result, ministries, ministerial-level agencies, government agencies, people’s committees of provinces and centrally-managed cities will step up the dissemination of information on RCEP and revised, supplemented, canceled or promulgated legal documents to implement. implements the agreement for relevant entities, especially those that may be affected such as the business community, industry associations, cooperatives, central and local management agencies and workers through media, sites Web, publications, documents, training courses, seminars and dialogues.

Attention will be paid to improving and intensifying the provision of information and forecasting in the import and export markets as well as the domestic market to help Vietnamese businesses better understand the information, technical requirements and import-export management rules of RCEP signatories, thus facilitating their development and implementation of trade and investment strategies.

Ministries, sectors and localities will build programs to support and improve the competitiveness of industries and enterprises, especially micro, small and medium enterprises, cooperatives and farm households in accordance with international commitments; and prepare response solutions and supporting policies for industries that are greatly and directly affected by the implementation of the agreement.

The plan also stresses the importance of focusing on the restructuring of agriculture, digital transformation, the application of science and technology and advanced production models in order to improve the quality and traceability of products and to protect the environment, thus helping to meet national and international standards.

Signed in November 2020, the RCEP brings together 10 ASEAN member states, as well as China, Japan, the Republic of Korea, Australia and New Zealand, covering 30% of the world’s gross domestic product (GDP). ‘worth $ 26,200 billion.

It forms a market of 2.2 billion consumers, and becomes the largest free trade area in the world in terms of population. It will eventually eliminate tariffs on up to 92% of goods traded between its signatories, expand market access for investments, harmonize rules and regulations, and strengthen supply chains across the vast region of China. free exchange. VNS

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