5. Q: When was WTO established?
A: January 1st 1995
Q: How many members are there
in WTO now?
A: 160 members
6. Q: What kind of organization
WTO is?
A: WTO is an international
organization whose objectives are
to supervise and facilitate
international trade
Q: What is the main function of
WTO?
A: It is ensure that trade flows as
smoothly, predictably, and freely
as possible
7. The unconditional most favoured
nation (MFN) principle
1
Reciprocity
3
Mutual recognition
4
Fast track voting procedure
(trade promotion)
5
Equal and fair national treatment
2
8. • 1. Viet Nam has been a member of the WTO since
2006.
• 2. Now WTO has 160 members and Viet Nam is the
160th
member.
• 3. Creating favorable conditions for market economy
to develop and opening market for financial, insurance,
accounting, auditing and taxation services is one of the
most significant fields that Vietnam has committed as a
new member of WTO.
9. 1. International Economic Integration
means……(1)…….. to ……(2)……..
2. The opportunity will also open to all
Vietnamese as being the ……(3)…….., it
means accessing to the variety of the goods
and services, enjoy the low prices as a result
of ……(4)…….. and ……(5)…….., and the
growth of the ……(6)……..
3. Firstly……(7)……... but not ……(8)……..,
Vietnam integrates but has to maintain ……
(9)…….. as well as the regime’s identity,
always following the policy of ……(10)
……...and ……(11)…….. in economic
development.
4. Secondly, once ……(12)…….. are reduced
for removed and ……(13)…….. abolished,
competition are more severe. Products of
low competitiveness can not be exported. On
the other hand they will be defeated by
foreign products. Thus, domestic businesses
might face bankruptcy. Unemployment rate
might rise.
(1) restructuring
(2) market regulations
(3) consumers
(4) tariff reduction
(5) competitiveness
(6) information technology
(7) integration
(8) dissolvent
(9) national identity
(10) independence
(11) self-reliance
(12) tariff barriers
(13) quotas