Vietnam joins negotiation on WTO accession

Nhandan.org.vn, May 27, 2003

World Trade Organisation (WTO) members havespoken highly of Vietnam's positive changes in building and reforming economic policies at the sixth round of talks on the country's WTO accession.

The negotiation took place in Geneva from May 12-22 with the participation of the United States, the European Union, China, Japan, India, Australia, Switzerland, Malaysia, Canada, the Republic of Korea, New Zealand, Uruguay and others, according to the Ministry of Trade.

The Vietnamese delegation was led by Deputy Trade Minister Luong Van Tu, who is also secretary of the National Committee for International Economic Co-operation.

At the plenum session, Vietnam supported the view that the country is still a low-level developing country with its economy experiencing many changes.

Some participants agreed to Vietnam's commitment on services as has been offered, considering it a basis for bilateral negotiations. They also praised the progress made by Vietnam's offer on commodities.

The participants also agreed to hold the seventh round of negotiations scheduled to take place after the fifth WTO ministerial meeting in Cancun, Mexico.

During the talks, the delegation held a multilateral meeting on agriculture with ten countries, who requested that Vietnam make clear the current status-quo of agricultural development and policies in its report on agricultural support and subsidy for farm produce exports.

The Vietnamese delegation also had bilateral negotiations with the EU, the US, Canada, the RoK, Austalia, Uruguay, Argentina, Japan, Switzerland and New Zealand. (VNA)