Sunday, December 4 2016

VietNamNews

WTO suggests ways to raise Việt Nam’s position in global trade

Update: April, 18/2016 - 08:53
WTO Director General Roberto Azevedo (left) and Minister of Industry and Trade Trần Tuấn Anh. — Photo baocongthuong

HÀ NỘI Viet Nam News -—  Việt Nam should be more active in proposing specific areas with which the World Trade Organisation (WTO) can support the country, WTO Director General Roberto Azevedo said during his visit to Việt Nam, the first ever trip made by a WTO chief to the Southeast Asian nation.


At his meeting with Minister of Industry and Trade Trần Tuấn Anh last week, Roberto Azevedo explained that the WTO would expand its assistance to underdeveloped countries in the fields of services and e-commerce.

This special aid would be given to small and and super small enterprises in order to help them participate in the global supply chain, he added.

Hailing Việt Nam’s impressive socio-economic development after the country joined the WTO nine years ago, Roberto Azevedo said the country had created a more attractive and favourable business climate, developed a network of free trade agreements and engaged in an array of regional deals like the Trans-Pacific Partnership (TPP) agreement.

He, however, underlined the need for the WTO and Việt Nam to engage in more dialogues on Việt Nam’s future plans and how the organisation could assist the country to fulfill such schemes in order to increase the nation’s role and position within global trade.

Vệt Nam could also help the organisation develop rules for negotiations and areas of negotiations that might benefit the country in the future, said.

The guest noted that Việt Nam’s ratification of the WTO’s Trade Facilitation Agreement last December helped cut business costs for local enterprises and facilitated the operation of domestic small and medium-sized enterprises (SMEs).

According to the WTO leader, the orgnisation is seeking to promote negotiations on the remaining Doha issues relating to e-commerce, SMEs and investment facilitation.

He suggested Việt Nam consider raising these matters at the WTO to promote its plans for growth and development.

For his part, Anh called for more support from the WTO and its member countries to help Việt Nam fulfill its commitments to the organisation since the country, as a developing nation, had met a range of difficulties in this work.

The minister also proposed the WTO scrutinise trade protection trends, including unhealthy ones that have caused losses for developing nations. — VNS

Send Us Your Comments:

See also: