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MOU between India and Viet Nam on the recognition of Vietnam as a Full Market Economy




MEMORANDUM OF UNDERSTANDING BETWEEN

THE GOVERNMENT OF THE REPUBLIC OF INDIA AND

THE GOVERNMENT OF THE SOCIALIST REPUBLIC OF VIET NAM

ON THE RECOGNITION OF

VIETNAM’S FULL MARKET ECONOMY STATUS


The Government of the Republic of India and the Government of the Socialist Republic of Viet Nam (hereinafter referred to as India and Viet Nam respectively):

Acknowledging the long-term stability and rapid growth of the bilateral economic and trade cooperation between India and Viet Nam;

Desiring to strengthen the long-term friendly and cooperative relationship and to develop a healthy and stable partnership;

Have arrived at the following understandings:

Article 1

India and Viet Nam recognize each other as equal WTO trading partners in economic and trade relations between the two countries.

Article 2

India recognizes Viet Nam as a full market economy and shall not apply, from the date of signing of this Memorandum of Understanding, paragraph 255 of the Report of the Working Party on the Accession of Viet Nam to the World Trade Organization (WTO) in relation to trade between India and Viet Nam.

Done in duplicate at Cha-Am, Hua Hin, Thailand on the twenty-fifth day of October two thousand and nine, in the English language. All texts being equally authentic.

For the Government of   For the Government of
the Republic of   the Socialist Republic of
India   Viet Nam



Anand Sharma   Vu Huy Hoang
Minister of Commerce and   Minister of Industry and
Industry   Trade






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