Vietnam joins WTO Government Procurement Agreement
(VOV) - Vietnam has been approved for participating in the WTO’s Government Procurement Agreement (GPA) as an observer.
The approval was made by the GPA Committee on December 5, bringing the number of GPA observers to 26.
Thanh affirmed that over the years, Vietnam has made constant efforts in adjusting its policies and legal documents in line with GPA regulations. As an observer of the WTO’s GPA, Vietnam is trying its best to become an official member.
Representatives from the WTO’s GPA members such as Canada, the Republic of Korea, Singapore, Switzerland, and Norway, praised Vietnam’s participation in the agreement as an observer, and expressed their support for the country’s official membership bid.
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Ambassador Nguyen Trung Thanh, head of the Vietnamese Delegation to the United Nations and the World Trade Organisation in Geneva, said that since Vietnam joined the WTO in 2007, the country has been opening up its market and ensuring transparency in line with the organisation’s regulations.
Despite the negative impact of the global financial crisis, Vietnam has actively integrated into the world economy thanks to its economic reform process, he said.Thanh affirmed that over the years, Vietnam has made constant efforts in adjusting its policies and legal documents in line with GPA regulations. As an observer of the WTO’s GPA, Vietnam is trying its best to become an official member.
The GPA Commitment’s Chairman, Bruce Christie, emphasized that GPA is one of the WTO’s most important agreements which is designed to ensure transparency, increase competitiveness in bidding activities, and raise the efficiency of budget spending, especially in developing countries.