(VOVWORLD) - The Vietnamese Government on Monday issued a Resolution ratifying the ASEAN Trade in Services Agreement (ATISA).
 ASEAN economic ministers sign ATISA on April 23, 2019. (Photo: VNA) |
The Ministry of Planning and Investment is tasked with collaborating with other ministries and agencies to implement the deal when it comes into force. They are also asked to develop a List of Non-Conforming Measures (NCM) on the basis of the ASEAN Framework Agreement on Services to ensure Vietnam's rights, interests and its commitments to ASEAN.
ATISA is considered a new step in ASEAN 's integration process of services. Upon coming into force, the pact will replace the ASEAN Framework Agreement on Services (AFAS) that took effect in 1995.
ATISA establishes frameworks to implement liberalization commitments from AFAS, reduce discriminatory barriers between service providers, and lay a solid legal foundation and a more transparent mechanism for trade in services in the region.