- Vietnam wishes it would soon join the WTO

Vietnam wishes it would soon join the WTO

ANSWER TO CORRESPONDENT BY MR. LE DZUNG, THE SPOKESMAN
OF THE VIETNAMESE MINISTRY OF FOREIGN AFFAIRS ON 24th JUNE 2004

AFP, Reuters: Could you please comment on the WTO’s statement that Vietnam will not accede to the trade body by Jan 1st 2005? is Vietnam willing to abandon its target of joining in 2005?

Answer:

Vietnam is fully aware of the role and the importance of the WTO to the development of the global economy in general as well as economic growth of each country in particular. Vietnam wishes it would soon join the WTO, considering this an important step toward Vietnam’s economic integration into the international economy.

As you may know, the 8th round of talks on Vietnam’s accession to the WTO has just finished. During bilateral and multilateral talks, it was a common view to support Vietnam’s accession to the WTO. The next round of talks will be shifted from the discussion of Elements of Draft Report to the discussion of Draft Report in order to speed up the process of Vietnam’s negotiation to join the WTO.

According to common assessments, this round of talks has made significant advances that are welcomed and recognized, creating an important step forward in the process of Vietnam’s negotiation to join the WTO.

The Vietnamese government has been actively carrying out reforms and adjustment of its domestic economy in accordance with international trade standards and practice as well as WTO fundamental principles in order to promote our process of joining the WTO.

Vietnam’s policy is to try its best to join the WTO as soon as possible to serve socio-economic development needs of the country, possibly in 2005 (it doesn’t necessarily mean 1st January 2005). Our resolve was clearly illustrated at the 8th round of talks in Geneva and greatly appreciated by all partners.

Vietnam’s efforts and determination will be sustained. However, the timing of Vietnam’s accession to the WTO depends on partners. We expect Vietnam’s partners to support Vietnam’s admission to the WTO by showing their goodwill during the talks.

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