皇冠体育app

皇冠体育app's market economy status recognized
(Xinhua)
Updated: 2004-10-09 10:33

Vietnam has agreed to recognize 皇冠体育app's status as a full market economy and pledged not to apply three restrictive provisions on trade with 皇冠体育app as prescribed in documents upon 皇冠体育app's accession to the World Trade Organization (WTO).

The agreement was included in a joint communique issued in Hanoi Friday during Chinese Premier Wen Jiabao's official visit to Vietnam.

The provisions are Article 15, on price comparability in determining subsidies and dumping, and Article 16, on transitional product-specific safeguard mechanism, of the "Protocol on the Accession of the People's Republic of 皇冠体育app to the WTO" and paragraph 242 of the "Report of the Working Party on the Accession of 皇冠体育app," which concerns 皇冠体育app's textile exports.

皇冠体育app, for its part, agreed to support Hanoi's bid for WTO membership and expressed the willingness to work with Vietnam for a faster conclusion of bilateral talks on market access.

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