06:31 GMT09 August 2020
Listen Live
    Asia & Pacific
    Get short URL
    0 03
    Subscribe

    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

    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.

    Related:

    TPP Represents Very Interesting Opportunity for UK Post-Brexit – Scholar
    TPP-Approved: Japanese PM Abe Hints UK Potential for Global Trade Alliance
    US May Seek to Rejoin TPP to Survive Trade War With China - Expert
    Trump Says WTO, TPP Not Serving US Interests, Bilateral Deals More Profitable
    Tags:
    ratification, vote, TPP, Trans-Pacific Partnership (TPP), Vietnam
    Community standardsDiscussion