Vietnam is on right track in the process of WTO accession
The Hanoitimes - "Vietnam is on track". This is confirmed by Director-General of the World Trade Organization (WTO), Roberto Azevedo, when assessing Vietnam`s efforts in the process of international integration and trade liberalization, on the threshold of the official visit to Vietnam on April 14-15.
In terms of Vietnam’s efforts in international integration, he said: "Vietnam acceded to the WTO in 2007, and before that, and after that a number of reforms were introduced that made a big difference. Trade was liberalised considerably, tariffs in general were lowered, there were reforms in services as well, there is clearly an improvement also in intellectual property and enforcement and protection. So, there were many things that were done. The government took several steps to modernise the economy, to make it more attractive, to make it more business friendly, and all those things now, are benefitting the country. So I think Vietnam is on the right path. It has also developed a network of trade agreements; it has participated in regional agreements like the Trans-Pacific Partnership, the TPP, which is very important as well. So the efforts are paying off, and I think Vietnam is on the right track."
We have to talk to each other more, and that’s precisely what I’m doing, that’s why I’m coming to Vietnam, precisely to deepen the understanding of what Vietnam has planned for the future and how the WTO can help them, and also Vietnam can help the WTO too, helping to develop now disciplines, areas for negotiations that may benefit the country in the future.
Implementing agreements that we have already is very important. Vietnam was early in ratifying the trade facilitation agreement, it did so last December, so now implementing that agreement is very important because in general it will lower the cost of doing business for Vietnamese enterprises and it will facilitate the business of small and medium enterprises which are the larger part of the Vietnamese economy. It is composed of small and medium enterprises, and they benefit significantly from that agreement.
And of course now we are figuring out how to conduct further negotiations, how to move forward with our negotiations, both with the impending issues of the Doha round, but also non-Doha issues which members want to talk about like electronic commerce, even small and medium enterprises, or facilitation of investments and other things people are talking about that Vietnam could consider discussing here with the WTO to help even further its plans for development and growth.
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