Pakistan welcomes Vietnam’s accession

Pakistan welcomes Vietnam’s entry into WTO. The General Council approved Viet Nam’s membership on 7 November 2006. Pakistan in its statement applauded the role of Vietnamese government in undertaking painful reforms to re-align its policies to comply with WTO Agreements. Pakistan added that, “we would like to acknowledge and appreciate the Socialist Republic of Vietnam’s continued commitment, devotion and patience to achieve what they sought some 11 years ago. At this stage when the negotiating partners are in dire need of fresh blood and brain in moving the Doha process forward, the Vietnam’s addition to this exclusive trade club is particularly significant”.

Having been approved by the WTO General Council for accession, Vietnam is set to become 150th member, upon ratification of the accession package domestically and notifying the world trade body accordingly.

Here is the text of statement made by Pakistan in General Council on 7 November 2006:

“We join other delegates in extending our warm welcome to the honorable Deputy Prime Minister and Foreign Minister of Vietnam, accompanied by the honorable Minister of Trade and other high level delegation to this historical meeting of the General Council.

At this memorable “moment of relief, satisfaction, joy and celebration”, as has been rightly termed by the Director General WTO, we would like to acknowledge and appreciate the Socialist Republic of Vietnam’s continued commitment, devotion and patience to achieve what they desired some 11 years ago. At this stage when the negotiating partners are in dire need of fresh blood and brain in moving the Doha process forward, the Vietnam’s addition to our family is particularly significant.

Vietnam is one of the vibrant and fastest growing economies in Asia. It reflects on their economic wisdom and translating ideas into reality. Commitment of Vietnam in binding tariffs in goods, liberalizing trade in services, opening up investment regime and formulating almost all sectors of economy and finance during the past decade has been impressive. Their reform experience would serve as a beacon of light and a source of inspiration for other developing nations. Hence, accession of Vietnam to this exclusive trade club would add new energy to the negotiating process and future global trade policy orientations.

My government is immensely pleased to convey its felicitation to the entry of Vietnam as 150th member of WTO. We would like to congratulate the Vietnamese delegation for this landmark success. We look forward to constructive role of Vietnam in furthering WTO mandate.”