EU Agrees WTO Deal

December 2004
Asia Monitor: South East Asia Monitor Volume 1;Dec2004, Vol. 15 Issue 12, p5
Country Report
Country Report
The article reports that Vietnam's bid to join the WTO received a boost in October following a bilateral agreement with the European Union (EU). However, the EU is the only major trading bloc to formally agree a deal with Vietnam for accession to the WTO, the other two countries are Cuba and Chile. Vietnam needs the agreement of all WTO members before accession can take place. In a statement, EU Trade Commissioner Pascal Lamy said that while he was pleased with the result of the talks, they had obtained fewer concessions in a number of key areas, including telecommunications, banking, insurance, and tourism, than initially hoped.


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