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VietNamNews

Nation weighs benefits of WTO

Update: August, 15/2012 - 09:28

HA NOi — After five years of implementation, Resolution 08-NQ/TW on Viet Nam's entry into the World Trade Organisation (WTO) has brought about great and practical results, significantly contributing to the country's development.

The statement was made by Prime Minister Nguyen Tan Dung at a national conference held in Ha Noi yesterday to review the nation's development since WTO membership.

The Prime Minister said that after joining the global trade group, Viet Nam had been able to implement a number of major policies and guidelines aimed at developing the economy in a rapid and sustainable manner.

In the bilateral field, commitments to the WTO have been nearly fulfilled, Dung said, adding that the impact of the commitments can now be assessed properly.

Regionally, Viet Nam has integrated more intensively into ASEAN, heading towards the building of the ASEAN Community by 2015.

The country is actively negotiating or preparing negotiations on several important free trade agreements, such as the Trans-Pacific Partnership (TPP) agreement and a bilateral free trade agreement with the EU, the Prime Minister said.

Now the nation has to look back and comprehensively evaluate WTO membership, as well as targets and tasks laid out in the Government's Programme of Actions, to continue improving the efficiency of international integration in general and international economic integration in particular, he said.

Dung stressed the need to assess membership correctly, while looking honestly at its shortcomings, weaknesses and lessons to learn from the past five years.

The nation also needed to carefully consider new challenges and targets in continued development while improving the efficiency of international integration and building strategies for international integration in the coming time, the PM said.

The conference will hear a report from the Ministry of Industry and Trade that focuses on the implementation of Resolution No. 08 and the Government's Resolution 16/2007/NQ-CP on the implementation of Resolution No. 08.

The Ministry of Planning and Investment will present a draft report on the country's socio-economic development five years after joining the WTO.

The Government's draft resolution on economic integration during the 2012-2015 period with a vision to 2020 and a number of speeches by representatives of central agencies, ministries, localities, research institutes, associations and economic groups will also be delivered at the conference. — VNS

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