Vietnam becomes seventh country to ratify Trans-Pacific trade pact

HANOI (Reuters) – Vietnam’s National Assembly, the country’s lawmaking body, on Monday unanimously ratified a landmark 11-country deal that will slash tariffs across much of the Asia-Pacific.

Hundred percent of the voters voted for the ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), making Vietnam the seventh country to have passed it, the National Assembly said in a statement. Australia, Canada, Japan, Mexico, New Zealand and Singapore had formally ratified CPTPP earlier.