criteria for the world’s largest trading bloc to recognise the country
as having a market economy by 2018.
Stefan
Depypere, Director of Trade Defence under the European Commission
Directorate-General for Trade, stated this at a press briefing in Hanoi
on September 24 at the end of his visit to Vietnam .
He said he saw the progress made by Vietnam ’s ministries and industries on the criteria for a market economy.
The EC trade representative also made public the positive outcomes of
the ninth round of negotiations and said that Vietnam and the EU
would sign a new partnership and cooperation agreement during a summit
of the Asia-Europe Meeting (ASEM) due to take place in Belgium , in
October.
In regard to the EU’s anti-dumping
tariffs on Vietnam ’s leather shoes, which will expire in March, 2011,
Depypere said that the EU’s next decision will largely depend on
developments and the health of the footwear manufacturing industry in
Europe .
He added however, that he felt positive after Vietnam ’s bicycles can now be exported to Europe once more.
During his stay in Vietnam , Depypere met with the Ministry of
Industry and Trade, the State Bank of Vietnam and the Ministry of
Finance, where both parties focused on research on the current
accounting system in three major fields, from macro-economic policy to
legal frameworks and progress in implementation by businesses.
EU and Vietnamese agencies have reached a consensus on conducting
joint research with independent experts, to consider and scrutinise the
Vietnamese economy to try and establish the country’s market economy
status, said Depypere.
They will compare the
outcomes of research with statistics released by prestigious
international economic and financial institutions such as the World Bank
and the International Monetary Fund before reaching a final conclusion,
which should be an advantage for the Vietnamese economy, concluded the
EU expert.
In February, 2010, the EC recognised
Vietnam ’s achievements in meeting the first of five criteria needed to
be recognised as a market economy, namely the Government’s allocation
of human resources and business decisions, both direct or indirect./.
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