Posted on 15 November 2007

 

Source: BVOM, November 15, 2007

Viet Nam and Ukraine signed an agreement regarding the latter’s accession to the World Trade Organisation (WTO) in Ha Noi on November 14.

 

The signatories were Deputy Minister of Industry and Trade Le Danh Vinh, Chairman of the Vietnamese Sub-committee of the Viet Nam-Ukraine Inter-governmental Committee, and Ukrainian Ambassador to Viet Nam Pavlo Sultansky.

 

Under the agreement, Viet Nam and Ukraine recognise each other’s full market economy status. Ukraine pledges to cut import tariffs on a number of Viet Nam ’s products, including many of its major hard currency earners.

 

Ukraine is also committed to implementing fully and immediately WTO agreements, including the General Agreement on Trade in Services (GATS), the Agreement on Technical Barriers to Trade (TBT), and the Agreement on the Application of Sanitary and Phytosanitary Measures from the moment it joins the WTO.

 

Viet Nam officially became the 150th member of the WTO on January 11, 2007.

 

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