VietNam Business: talks

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Wednesday, December 8, 2010

Seminar highlights Doha talks’ impacts on Vietnam

Photo: VNA

The Doha round of negotiations and impacts on Vietnam was the main topic of a seminar held in the central coastal province of Khanh Hoa on Friday.

The workshop, hosted by the Department of Multilateral Trade Policy under the Ministry of Industry and Trade, brought together more than 30 delegates, including businesspeople, managers and experts from both in and outside the country.

Prof. Claudio Dordi, chief consultant of the Multilateral Trade Assistance Policy Program Phase III (MUTRAP III), said if the Doha talks wrap up early, it will offer Vietnam chances to expand markets for its key exports such as garments.

It will also help the country narrow the gap between applied and compulsory tariffs and improve its regulations regarding anti-dumping and agricultural subsidies, Dordi said.

This view was shared by Deputy Director of the Department of Multilateral Trade Policy Luong Hoai Thai, who said Vietnam would gain more benefits if the Doha negotiations end soon.

Local businesses need to be clearly aware of the content of the talks, work out proper trade policies and revise their trade plans to make the best of new commitments to opening markets by WTO member economies, Thai added.

Participants also pointed out the fact that Vietnam might be ineligible to enjoy exemption regulations intended for new WTO members if the talks continue. Vietnam would also face more difficulties during negotiations as new issues arise, they said.

Seminar highlights Doha talks’ impacts on Vietnam

Photo: VNA

The Doha round of negotiations and impacts on Vietnam was the main topic of a seminar held in the central coastal province of Khanh Hoa on Friday.

It will also help the country narrow the gap between applied and compulsory tariffs and improve its regulations regarding anti-dumping and agricultural subsidies, Dordi said.

This view was shared by Deputy Director of the Department of Multilateral Trade Policy Luong Hoai Thai, who said Vietnam would gain more benefits if the Doha negotiations end soon.

Sunday, December 5, 2010

Seminar highlights Doha talks’ impacts on VN

The Doha round of negotiations and impacts on Vietnam was the main
topic of a seminar held in the central coastal province of Khanh Hoa
on Sept. 24.

The workshop, hosted by the Department of Multilateral Trade Policy
under the Ministry of Industry and Trade, brought together more than 30
delegates, including businesspeople, managers and experts from both in
and outside the country.

Prof. Claudio Dordi, chief
consultant of the Multilateral Trade Assistance Policy Programme Phase
III (MUTRAP III), said if the Doha talks wrap up early, it will offer
Vietnam chances to expand markets for its key exports such as
garments.

It will also help the country narrow the
gap between applied and compulsory tariffs and improve its regulations
regarding anti-dumping and agricultural subsidies, Dordi said.

This view was shared by Deputy Director of the Department of
Multilateral Trade Policy Luong Hoai Thai, who said Vietnam would gain
more benefits if the Doha negotiations end soon.

Local businesses need to be clearly aware of the content of the talks,
work out proper trade policies and revise their trade plans to make the
best of new commitments to opening markets by WTO member economies,
Thai added.

Participants also pointed out the fact
that Vietnam might be ineligible to enjoy exemption regulations
intended for new WTO members if the talks continue. Vietnam would
also face more difficulties during negotiations as new issues arise,
they said./.

Tuesday, September 21, 2010

EU sees wider S.E. Asia trade talks

DANANG - The European Union expects to conclude a free trade deal with Singapore by the end of next year and is likely to begin talks with other Southeast Asian nations soon, a top official said on Friday.

The EU's trade commissioner, Karel De Gucht, also said Europe still hopes to ultimately reach a region-wide deal with the Association of Southeast Asian Nations (ASEAN).

He said a regional pact has not been possible partly because of military-ruled Myanmar, which is under European sanctions.

Another hindrance was the differing levels of economic development within the 10-member ASEAN, he told reporters after talks with Southeast Asian economic ministers.

Attempts to reach a pact with all of the ASEAN members except Myanmar, Cambodia and Laos were suspended last year, after which the EU began looking at bilateral pacts.

De Gucht said two rounds of talks have been held with Singapore -- the region's most developed economy -- and a third is to take place next month.

"Negotiations with Singapore are going well," he said. "We expect these negotiations being closed and having come to a positive end before the end of next year."

He added that formal free trade talks with Vietnam are likely to begin before the end of this year, followed by other countries "in the coming months."

De Gucht declined to name the other nations but he told AFP that each of the seven that participated in the earlier suspended talks "have expressed in one way or another interest".

ASEAN itself is working towards a single market and manufacturing base by 2015.

De Gucht said that once such an integrated market is achieved it would make sense for the region's bilateral trade pacts to be consolidated into a region-wide deal.

Asked whether such a deal could, however, be reached unless the human rights situation in Myanmar improves, he told AFP: "It's obvious that we are not ready, the European Union is not ready, to negotiate with Myanmar but who knows what the political situation will be in Myanmar in five years or in seven years."

The EU is the bloc's largest foreign investor, and second-largest trade partner, with two-way trade worth almost US$172 billion dollars last year.

EU sees wider S.E. Asia trade talks