VN to Receive Funding for Implementation of WTO Commitments

An agreement to help Viet Nam implement its commitments to the World Trade Organization was signed in Ha Noi yesterday by representatives from the government of Viet Nam, the Australian International Development Agency and the International Cooperation Ministry of the United Kingdom.

Lives of the poor might be improved with the support of Australia and the UK

Under the agreement, Australia and the UK have pledged US$15 million to support Viet Nam with a technical assistance program. 
The six-year “Beyond WTO Program”, aimed at sustainable development and poverty reduction through the implementation of Viet Nam's WTO commitments, will commence in 2007.
For the first phase of the program, donors will help Viet Nam formulate the government’s action plans aiming to seize opportunities offered by WTO membership as well as cope with potentially negative impacts on the poor and other vulnerable groups.

Source TT – Translated by Yen Chuong

Other news