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    » 02/22/2006, 00.00

    VIETNAM

    Vietnam wants to join WTO

    Vu Nhi Cong

    The country hopes to join the World Trade Organisation by November 2006. An economics professor said: "To overcome poverty, the priority is to help people understand globalization and the market economy."

    Ho Chi Minh City (AsiaNews) – Vietnam may join the World Trade Organisation before the next conference of APEC (Association for

    Asia-Pacific Economic Cooperation, which includes giants like the US, China, Japan and South Korea). The upcoming conference will be held in Hanoi on 18 and 19 November 2006.  "Joining the WTO is one of the targets of the government," said Vietnam's deputy Prime Minister, Vu Khoan. "At the moment, our joining depends solely on the WTO. We hope to enter before the summit conference of APEC."

    So far, only two APEC members have not reached a bilateral agreement for Vietnam's admission. Vu Khoan said the fact that negotiations were under way was in itself positive.

    Phuoc Minh Hiep, Economics Professor of Ho Chi Minh City Open University, said the most significant challenge was to make Vietnamese people understand the workings of the new globalized economy: "Raising awareness among people, farmers, and factories to understand globalization, the market economy and WTO activities, is very important and necessary if we want to help people overcome poverty in time. It is the key to helping people overcome poverty."

    In fact, private and state firms in the country do not understand the phenomenon of globalization. "We have employed migrant workers for very low wages to make the business viable," the owner of a private firm told AsiaNews. And one farmer in Daklak Province said: "We sell coffee very cheaply and we are unable to pay our debts."

    The upcoming APEC summit will include more than 100 meetings, with more than 100,000 participants. Vietnam is working on a series of measures to assure tight security and prevent terrorist acts.

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    See also

    25/05/2006 VIETNAM
    US-Vietnam agreement soon, first step towards WTO membership
    If managed well, entry into World Trade Organisation could be the solution to Vietnam's many problems like unemployment.

    18/11/2006 VIETNAM - APEC
    APEC starts: free trade and North Korean threat are major issues

    Expectation is rife in Hanoi about a proposal to set up a regional free trade zone. Vietnam wants to show the international community how efficient it is, organizing numerous meetings between leaders of the forum's 21 member states. Uncertainty prevails about whether a meeting will go ahead between the Chinese president and Canadian prime minister, an open critic of Beijing.



    09/05/2006 VIETNAM – UNITED STATES
    Vietnam negotiating entry into WTO with US
    Washington wants Hanoi to adapt its laws to WTO rules and is willing to see Vietnam join in 2006.

    16/11/2005 ASIA
    Trade imbalances between China and other Asian countries on APEC agenda
    Annual meeting will start next Friday. US President and other heads of state and government are expected. Asian governments try to overcome old nationalist feelings and "co-ordinate" policies, including monetary and fiscal policies.

    27/05/2005 CHINA – US – EU
    Competition over textile quotas threatens hundreds of millions of jobs




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