Vietnamese Parliament Ratifies Agreement for Trans-Pacific Trade Deal – Reports

© AP Photo / Esteban Felix(File) From left, Singapore's Minister for Trade and Industry Lim Hng Kiang, New Zealand Trade Minister David Parker, General Secretary Ministry of International Trade and Industry of Malaysia Y.Bhg. Datuk J. Jayasiri, Canada's Minister of International Trade Francois-Philippe Champagne, Australian Minister for Trade and Investment Steven Ciobo, Chile's Foreing Minister Heraldo Munoz, Brunei's Foreign Minister Haji Erawan bin Pehin Yusof, Japan's Trans-Pacific Partnership minister Toshimitsu Motegi, Secretary of Economy of Mexico Idelfonso Guajardo, Peru's Trade Minister Eduardo Ferreyros and Vietnamese Trade Minister Tran Tuan Anh, poses for a pictures after the signing ceremony of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, CP TPP, in Santiago, Chile, Thursday, March 8, 2018
(File) From left, Singapore's Minister for Trade and Industry Lim Hng Kiang, New Zealand Trade Minister David Parker, General Secretary Ministry of International Trade and Industry of Malaysia Y.Bhg. Datuk J. Jayasiri, Canada's Minister of International Trade Francois-Philippe Champagne, Australian Minister for Trade and Investment Steven Ciobo, Chile's Foreing Minister Heraldo Munoz, Brunei's Foreign Minister Haji Erawan bin Pehin Yusof, Japan's Trans-Pacific Partnership minister Toshimitsu Motegi, Secretary of Economy of Mexico Idelfonso Guajardo, Peru's Trade Minister Eduardo Ferreyros and Vietnamese Trade Minister Tran Tuan Anh, poses for a pictures after the signing ceremony of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, CP TPP, in Santiago, Chile, Thursday, March 8, 2018 - Sputnik International
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MOSCOW (Sputnik) – The Vietnamese parliament on Monday ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and related documents, the Vietnam News Agency reported.

The respective resolution was passed with 96.7 percent voting in favor, according to the Vietnam News Agency. Vietnam became the seventh state to ratify the deal.

The original Trans-Pacific Partnership (TPP) deal was signed in 2016, bringing together 12 Pacific Rim nations. In 2017, US President Donald Trump, who had repeatedly criticized the TPP, withdrew the United States from it.

READ MORE: TPP-Approved: Japanese PM Abe Hints UK Potential for Global Trade Alliance

The shadow of a sculpture is reflected on the World Trade Organisation, WTO sign near the entrance of the headquarters, in Geneva (File) - Sputnik International
Trump Says WTO, TPP Not Serving US Interests, Bilateral Deals More Profitable
Following the US withdrawal, the 11 remaining nations continued their efforts to create a free trade zone. On March 8, the foreign ministers of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam signed the revised version of the TPP.

Apart from Vietnam, the deal has been ratified by Japan, Mexico, New Zealand, Singapore, Canada, and Australia.

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