This Ordinance stipulates on most-favored-nation treatment and national treatment in international trade, to take effect from the date of promulgation.
Key points
- The Ordinance applies to member countries of the World Trade Organization (WTO) and other free trade agreements that Vietnam is a member of, concerning most-favored-nation treatment and national treatment in international trade.
- For WTO member countries, Vietnam must apply most-favored-nation treatment to all imported products from these countries without discrimination.
- Vietnam has the right to apply national treatment in certain cases, such as when it is necessary to protect economic interests, national defense security, or to fulfill international obligations.
🌐 Social impact of this document
- The positive impact is ensuring fairness and transparency in international trade, creating a favorable environment for Vietnamese enterprises to develop.
- The negative impact may be the complication of procedures for businesses when they have to comply with many conditions regarding most-favored-nation treatment.
❓ Frequently asked questions
To which countries does this Ordinance apply?
The Ordinance applies to member countries of the World Trade Organization (WTO) and other free trade agreements that Vietnam is a member of.
Vietnam must provide most-favored-nation treatment to imported products from which countries?
Vietnam must apply most-favored-nation treatment to all imported products from WTO member countries, without discrimination.
When can Vietnam apply national treatment?
Vietnam has the right to apply national treatment in certain cases, such as when it is necessary to protect economic interests, national defense security, or to fulfill international obligations.
From what date does this Ordinance take effect?
The Ordinance was promulgated and took effect immediately from the date of promulgation.
What does this Ordinance specifically stipulate about most-favored-nation treatment?
The Ordinance stipulates that Vietnam must apply most-favored-nation treatment to all imported products from WTO member countries, without discrimination.
Full text
ORDER
Regarding the promulgation of the Ordinance
__________________
PRESIDENT OF THE SOCIALIST REPUBLIC OF VIETNAM
Pursuant to Article 103 and Article 106 of the Constitution of the Socialist Republic of Vietnam in 1992, amended and supplemented by Resolution No. 51/2001/QH10 dated December 25, 2001 of the Tenth National Assembly, tenth session;
Pursuant to Article 19 of the Law on the Organization of the National Assembly;
Pursuant to Article 51 of the Law on Legislative Documents;.
NOW PROMULGATES:
Ordinance on Most-Favored-Nation Treatment and National Treatment in International Trade.
Adopted by the Standing Committee of the National Assembly of the Socialist Republic of Vietnam, Tenth Term, on May 25, 2002./.
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