Vietnam to serve as Chair of CPTPP Commission in 2026
Wednesday, 23/01/2019 16:05 (GMT+7)
The CPTPP Parties will name a rotating chair by order of Parties, notifying the Depositary in writing of the completion of their applicable legal procedures, with each Party serving as Chair for a period of one year, starting from 2020, according to a Joint Statement of the Ministers.
Vietnam will serve as Chair of the Council in 2026, while Australia will serve as the Vice Chair.
The Ministers of 11 CPTPP parties joined the first session of the Commission in Tokyo (Japan) on November 19th.
The Vietnamese delegation included representatives of Ministry of Industry and Trade, Ministry of Finance, Minister of Foreign Affairs, and Ministry of Justice.
At the session, the Minister approved the Joint Statement affirming their determination in fully implementing CPTPP. They also adopted four significant decisions, such as operating mechanism of the Council; processes, procedures and conditions to admit new parties; processes and procedures of the arbitrators related to solving disputes between States; and the code of conduct of arbitrators related to the mechanism of resolving disputes between investors and States.
The operating mechanism decided the Chair, assisted by the immediate past and immediate future Chairs, who will serve as Vice‐Chairs, will chair the Commission meetings.
For the year 2019, considered as a transitional period for securing the smooth implementation for the CPTPP, the following special arrangements will be taken.
In this transitional period, Japan will assume the role of Chair in close coordination with New Zealand (the Depositary) and Mexico (immediate future Chair), as well as with all other CPTPP members.
To advance the implementation in the first year after entry into force, New Zealand will host a meeting of the Commission in the second half of 2019, together with meetings of key Committees.
Vietnam will take the role of Vice Chair in 2025 and 2027./.
Phuong Lan