Viet Nam’s WTO Bid Awaits Two More Sessions in October

"Viet Nam will join the 13th round of multilateral talks for the country's accession to the World Trade Organization (WTO) scheduled to take place on October 9 and 25," announced the National Committee for International Economic Cooperation.

Viet Nam and its partners will discuss residual issues relating to export and import activities by foreign companies along with some tax and intellectual property issues.

As well, they will be discussing the regulation of investments in accordance with Viet Nam’s new laws on enterprise and investment, which became effective on July 1, 2006.

The negotiators will also review the results of the bilateral agreements between Viet Nam and its WTO partners on the opening of Viet Nam’s markets and services.

Viet Nam and its partners will also hold another round of talks on October 25 to finalize procedures for Viet Nam's accession to the WTO before submitting the documents to the WTO General Assembly in November.

Once these documents are approved, Viet Nam will have basically completed all its negotiations prior to the APEC Economic Leaders' Meeting in November, and in turn meets the requirements for becoming a WTO member.

"Although differences exist in negotiations with the US, the European Union and Australia, Viet Nam will not accept any unreasonable demands put forth by partners in negotiations. If necessary, it can reschedule the deadline for joining the WTO to early 2007," stated Trade Minister Mr. Truong Dinh Tuyen.

By D.L – Translated by Trong Khuong

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