The predecessor of the World Trade Organization is GATT-general agreement on tariffs and trade was established in 1947 with the function: set the general regulation of trade and customs, Forum to discuss expanding trade, settlement of disputes or disagreements on the official WTO .1995 1.1. introduction under the agreement establishing the Organization tootr registration in Marakesk day 15.4.1994 to replace GATT. The WTO is the "common house" was the second largest after the United Nations and is seen as the "United Nations" in the field of trade with the mechanism of solving the dispute based on the principle that every Member State has an equal vote.The WTO is an organization of Government lien. The highest body of the WTO is the Ministerial Conference the Member States-where do all the functions of the wto, all necessary measures to fulfil that function. the Conference of Ministers also decided all the issues within the framework of multilateral agreements agreements of the wto and meeting at least 1 time in 2 years The WTO is built on the basis of four fundamental principles: the principle of favoured nation, national remuneration principles, the principle of market access (open market) and the principle of fair competition To become a member of the wto, must be 2/3 of votes in favour. the Protocol ratified the enlargement will take effect after 30 days from when the new members of Parliament for approval. the most important thing to becoming a member of the wto is supposed to received market economy The opportunity and challenge of Vietnam when the wtoAccording to Vietnamese experts out to the wto will have those opportunities and challenges follows:1. The opportunityThe wto has the opportunity to expand the market by products from the international market reach with members, and market position to peer with other countries. the goods in this huge market penetration without having any problems, as long as it does not violate the Statute and pledges signed The Philippines also enjoy legal status as a favored unconditional of the import duty on the Member States is greatly reduced, enjoy preferential tariffs for universal is that developing countries Wto Vietnam will reach the advanced technology, the financial market is the world's leading wto members because the country is the world's leading economies have science and technology capacity, high level management, currency, financial system development. from there Vietnam Vietnam will approach new technologies, applications, management of production. on the other hand, Vietnam will reach human resources and manpower from the country His love of the wto membership, Vietnam will raise position in international relations. in the vote on wto-related issues, specifically the author addressing the disputes in the international commercial business. the Philippines with Member Nations of the wto When Vietnam becomes a member of wto, commodities the water will penetrate the Vietnamese market. therefore will promote the business constantly improve product quality, reduce cost, enhance the competitiveness in order to survive and grow. This in the country benefit more Vietnam's wto entry had the opportunity to perfect the economic policies of the State governing body will also improve wto rules compliance activities with trade liberalization, resolutely eradicate the unreasonable barriers in international trade, contributing to clean the State apparatus , improve the effectiveness of implementation of the Government's economic policies, create transparent policy system as a basis for foreign investment ChallengeBesides the favorable opportunity primarily above the Philippines faces enormous challenges as competition with foreign enterprises, while the competitiveness of the enterprises of our country is not high, the shield of Vietnamese enterprises have to stand before two choices either to accept competition. , boldly innovate technology, operating the advanced management system, improve quality, lower price, same services dominate the market in the country and towards sustainable export or be eliminated from the market, which as a result of labor-unemployment rising, a burdens for society and Government The second great challenge when wto is that Vietnam must make a series of pledges, the agreement signed in the bilateral trade agreement, as well as the multilateral wto rules, while the system's economic policies are in sync yet perfected through theIn addition to the wto also requires the State to expedite the training and upgrading of human resources capable of acquiring scientific and technological advances, the advanced technology, management experience to meet the requirements of the multi-purpose management apparatus and professionalization
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