Vietnam Accepted!
For all us Politics enthusiasts some good news has come through! In a milestone event, after 11 years of waiting, Vietnam has been admitted to the WTO (World Trade Organization).
This is important (in my opinion) for a couple of reasons. First, because it gives recognition to a reforming and evolving nation by inviting it to join in the trade negotiations and debates held among WTO members. More importantly, perhaps, it shows (at last) some evolution on the part of the WTO that they were able to get through the proceedings and admit a clearly eligible member.
The article I read (link below) focuses more on the relationship with United States, but for me this is really about an international decision (though clearly the US has a major part to play). Vietnam, as the largest member of its community economically aside from China should bring an interesting new dynamic to Asian relations now it is playing by the same rules, at least at the economic level and increasingly at the political level as well.
http://www.theglobeandmail.com/servlet/story/RTGAM.20061107.wviet1107/BNStory/International/home
This is important (in my opinion) for a couple of reasons. First, because it gives recognition to a reforming and evolving nation by inviting it to join in the trade negotiations and debates held among WTO members. More importantly, perhaps, it shows (at last) some evolution on the part of the WTO that they were able to get through the proceedings and admit a clearly eligible member.
The article I read (link below) focuses more on the relationship with United States, but for me this is really about an international decision (though clearly the US has a major part to play). Vietnam, as the largest member of its community economically aside from China should bring an interesting new dynamic to Asian relations now it is playing by the same rules, at least at the economic level and increasingly at the political level as well.
http://www.theglobeandmail.com/servlet/story/RTGAM.20061107.wviet1107/BNStory/International/home
posted by AcceptanceSpeech at 6:05 PM
1 Comments:
I agree with the_question. I don't think Vietnam's new membership to the WTO was an international decision. I think we need to take a more critical look at America's political interests out east. The article quotes WTO chief calling Vietnam a "rising star." However strong their economy, I think the focus is to stop the growing strength of China- possibly the world's next super power.
I think it's great progress for Vietnam to be a member of the WTO, but I don't feel like this decision was made to increase world trade. I feel that it was made to strengthen the relationship between America and Vietnam and to counter China's strength- and the WTO membership was just a bonus for Vietnam.
Also, Vietnam is not the second largest economy of the region, it is the second fastest growing. As far as GDPs in the region go, China, Japan, South Korea, Indonesia, Taiwan (R.O.C), Thailand, the Phillipines and Malaysia are all above Vietnam.
Post a Comment
<< Home