Vietnam food market to benefit under WTO

Vietnam completed its final round of negotiations to join the WTO last week, completing the last details necessary to accession. The WTO's general council is expected to formally approve Vietnam's entry on 7 November, making the country the 150th member of trading organization.

While Vietnam's government has voiced concern that several of its processing industries are unprepared for greater competition, many commentators say the WTO membership will force food producers to become more efficient and raise quality standards.

“The state-owned enterprises have the most to lose,” noted Ross Jaax, country representative for the non-profit organization Acdi/Voca. “They won't be as protected as they were before.”

However farmers and primary export producers should benefit from a better negotiating position under WTO membership when it comes to fighting anti-dumping tariffs.

To continue reading this article please click here

Source: AP-Food Technology

Sign up for our
regular news updates

More of the latest Pig Industry News

•   OIE Monitors Global Pandemic H1N1 2009 Situation
•   CPC Urges Action on Canada-Columbia FTA
•   Guidance Document on Pig Protection Endorsed
•   NFUS Urges Participation in Carbon Footprint Study
•   Defra's New Guidelines to Reduce Salmonella in Feed
•   Study to Bring Benefits to Meat Sector
•   New Merck Company Begins Operations
•   Influenza A/H1N1 Outbreak in Swine Confirmed
•   Ensuring the Most Exposed Animals the Best Welfare
•   Pork with Anabolic Steroid Found in HCM City