Vietnam becomes 57th member of WTO’s interim appeal arbitration arrangement
VOV.VN - Vietnam officially notified its participation in the Multi-Party Interim Appeal Arbitration Arrangement (MPIA) on October 16, an initiative designed to help maintain stability in the World Trade Organization’s (WTO) dispute settlement system.
The country’s participation in the MPIA sends a strong message of its commitment to a rules-based multilateral trading system. At a time when the WTO’s Appellate Body, often regarded as the “supreme court” of global trade, remains paralyzed, Vietnam’s move is viewed as a responsible step that helps preserve trust and stability in international commerce.
The MPIA was established as a temporary mechanism to ensure that WTO members continue to have access to an independent and transparent two-tier dispute settlement system. By joining the arrangement, Vietnam not only safeguards its own interests but also contributes to strengthening the foundations of the WTO alongside the global community.
Strategically, participation in the MPIA enhances Vietnam’s standing and voice in discussions on WTO reform. It also demonstrates the country’s role as an active and responsible member willing to engage in shaping the future framework of global trade rules.
Practically, the MPIA serves as an effective “legal safeguard.” It provides Vietnam with a necessary tool to protect the legitimate rights and interests of its exporters and industries in complex trade disputes. By ensuring the right to appeal in dispute cases, the mechanism promotes fairer, more reliable rulings and fosters a more predictable and secure international business environment.
Vietnam becomes the 57th WTO member to join the arrangement, alongside major economies and key trading partners such as the European Union, China, Japan, Canada, Australia, and ASEAN neighbors including Singapore, Malaysia, and the Philippines. The move reaffirms Vietnam’s ongoing commitment to deep, comprehensive international economic integration.
Vietnam finalizes WTO notification on rules of origin
VOV.VN - Vietnam has completed its notification on rules of origin under the WTO framework, marking a step forward in trade transparency and international cooperation.
Vietnam officially ratifies WTO Agreement on Fisheries Subsidies
VOV.VN - On September 15, Vietnam officially deposited its Instrument of Acceptance of the WTO Agreement on Fisheries Subsidies (Fish 1) at the WTO headquarters in Geneva, Switzerland, a decisive step that brings the total number of members ratifying the agreement to 111- the minimum required for it to enter into force globally.
