This decree announces the National Assembly's resolution approving the Accession Protocol to the Agreement Establishing the World Trade Organization (WTO) for Vietnam. The provisions apply to the Government and relevant agencies.
Key points
- The Government and relevant agencies shall implement the necessary procedures to join the World Trade Organization (WTO) in accordance with the approved Protocol.
🌐 Social impact of this document
- Positive impact: Helps Vietnam participate in the international trade system, expand business opportunities, and enhance international cooperation.
- Negative impact: May encounter difficulties in adjusting current laws to meet WTO requirements.
❓ Frequently asked questions
Who does this Resolution apply to?
This Resolution applies to the Government and relevant agencies, including ministries, sectors, and localities responsible for implementing the necessary procedures to join the World Trade Organization (WTO).
When does this Protocol take effect?
The Protocol for Vietnam's accession to the Agreement Establishing the World Trade Organization (WTO) was adopted on November 29, 2006, and has been effective since then.
What actions must the Government undertake following the announcement of this Resolution?
The Government must implement the necessary procedures to join the World Trade Organization (WTO) in accordance with the approved Protocol, including adjusting current legal regulations and economic-trade policies.
How does this Resolution affect businesses?
This Resolution will expand business opportunities for Vietnamese enterprises through participation in the international trade system, but also requires enterprises to comply with new WTO regulations.
What difficulties may arise when implementing this Resolution?
Difficulties may include adjusting current legal regulations to meet WTO requirements, as well as training and enhancing the capacity of regulatory agencies and enterprises to meet new standards.
Full text
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PRESIDENT OF THE STATE |
SOCIALIST REPUBLIC OF VIETNAM |
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NUMBER: 16/2006/L-CTN |
HANOI, December 6, 2006 |
ORDER
Regarding the promulgation of the Resolution of the National Assembly
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PRESIDENT OF THE SOCIALIST REPUBLIC OF VIET NAM
WHEREAS Article 103 and Article 106 of the Constitution of the Socialist Republic of Vietnam 1992, as amended and supplemented by Resolution No. 51/2001/QH10 dated December 25, 2001 of the Tenth Session of the Tenth National Assembly;
WHEREAS Article 91 of the Law on the Organization of the National Assembly;
WHEREAS Article 50 of the Law on the Issuance of Legal Normative Documents;
NOW PROMULGATE
RESOLUTION APPROVING THE ACCESSION INSTRUMENT TO THE AGREEMENT ESTABLISHING THE WORLD TRADE ORGANIZATION (WTO) OF THE SOCIALIST REPUBLIC OF VIET NAM.
WHICH WAS PASSED BY THE NATIONAL ASSEMBLY OF THE SOCIALIST REPUBLIC OF VIET NAM AT ITS TENTH SESSION, TENTH MEETING ON NOVEMBER 29, 2006.
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PRESIDENT OF THE STATE |
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(Signed) |
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NGUYEN MINH TRIET |
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