Pham Quang Dieu from the Institute of Policy and Strategy for Agriculture spoke to Tuoi tre (Youth) newspaper about agricultural production since Viet Nam acceded to the WTO.
The WTO’s effect on Viet Nam during the financial crisis is still not clear. What lessons about economic integration has been learned since the crisis?
First, the crisis revealed the shortcomings of the economy and industries. Such shortcomings existed in the competitiveness of local products and the ability of companies to adapt. The crisis also emphasised the need for the application of international technical standards in import and export. The recession also shed light on the limited capacity of supervision mechanisms for imported goods such as vegetables and meats that are necessary to protect consumers’ health.
Secondly, the crisis sounded the alarm for the need for economic integration. After reducing the tax on import products under the WTO, several foreign countries often build a lot of technical barriers on imported goods so that they can promote their own products.
Comments are closed