WTO members began negotiating Vietnamâ€™s membership to the trade body on Monday. The talks are aimed at concluding the final terms of agreement and completing the deal by the end of the month.
â€œToday marks the final stage of Viet Namâ€™s accession process, we have in front of us the complete package of documents representing Viet Namâ€™s terms of membership to the WTO. â€¦ Clearly this working party is now very close to completion.â€ Norwegian Ambassador Eirik Glenne, chairperson of Vietnamâ€™s membership working party, told delegates in a brief formal meeting.
Ambassador Glen has set this Friday as the deadline for all key issues to be addressed. Once that is done, he said, can a date be set for Viet Namâ€™s inclusions.
â€œThis means that very intensive work must be carried out this week to close all the remaining issues,â€ Ambassador Glenne said. â€œI recognize it is tight, but we have no alternative.â€
The three key documents that will be revised include â€œViet namâ€™s commitments on goodsâ€, which will look at its commitments on tariffs and agricultural subsidies. Secondly, â€œViet Namâ€™s commitments on servicesâ€ will be discussed, which looks at the foreign service providers and any additional conditions, including limits on foreign ownership. Thirdly, â€œThe Working partyâ€™s reportâ€ will be considered as it discusses Vietnamâ€™s legal and institutional trade set up.