Vietnam affirms commitment to multilateral trading systemDeputy Minister of Industry and Trade Tran Quoc Khanh highlighted Vietnam’s commitment to promoting the multilateral trading system while addressing a plenary session of the 11th World Trade Organisation (WTO) Ministerial Conference in Argentina on December 11. However, the global trade and multilateral trading system is also facing potential risks due to the strong comeback of populism and trade protectionism, he noted, adding that shortcomings remain in the system. He warned that failure of negotiations at this conference would cause negative impacts on the multilateral trading system as well as the world’s economic recovery. Vietnam is willing to join other WTO members to address the organisation’s matters, he said. The 11th WTO Ministerial Conference opened in Buenos Aires on December 10 with the participation of more than 4,000 delegates from 164 member countries.

Source: VietNamNet News December 12, 2017 04:41 UTC