Tuesday, May 30 2017

VietNamNews

Lawmakers examine ways to facilitate global trade

Update: November, 06/2015 - 09:14
The country's lawmakers listened to a Government report and request for approval of the Protocol Amending the WTO Agreement Establishing the World Trade Organisation during a National Assembly meeting yesterday in Ha Noi. — VNA/VNS Photo

HA NOI (VNS) — The country's lawmakers listened to a Government report and request for approval of the Protocol Amending the WTO Agreement Establishing the World Trade Organisation during a National Assembly meeting yesterday in Ha Noi.

State President Truong Tan Sang said Viet Nam's approval of the Trade Facilitation Agreement, which would be added to the WTO Agreement, once again highlighted the country's commitment to be an active and responsible member of the organisation.

A number of issues that must be addressed by Viet Nam include major reforms at the country's customs agencies that aim to facilitate trade, fight smuggling and trade fraud and manage hygiene and safety standards of imported goods. In addition, the transparency and accountability of customs agencies must be improved.

The NA's Committee on Foreign Affairs said that as a member of the WTO, Viet Nam's approval of the trade facilitation would serve the country's proactive approach to global integration.

It would also boost the country's administrative reforms to improve the quality of customs services, which were prioritised by the Government in preparation for numerous free trade agreements, such as the Trans Pacific Partnership (TPP) and the EU-VN Free Trade Agreement.

Also during the meeting, NA deputies discussed issues related to the country's hydro-meteorological observation network. Deputies agreed that there was a need for major investment to modernise hydro-meteorological observation facilities and focus on human resources in this particular field.

Lawmakers also recommended that organisations and agencies responsible for hydro-meteorological forecasting must be held responsible and accountable for incorrect weather reports that resulted in losses to people and businesses. — VNS

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