Vietnam is on course to become the 150th member of the World Trade Organization. WTO's General Council made that decision yesterday, Tuesday, Nov. 7.

Before Vietnam can become a full-fledged member, it has to ratify the agreement, which should not be a problem. Once ratified, Vietnam officials would then notify the WTO, and it would become a member 30 days after that point, reports Meatingplace.com. 

"The remarkable efforts that Vietnam has put into preparing for membership should be an inspiration to us all, as several members have observed," said WTO Director-General Pascal Lamy.

The American Meat Institute, the National Pork Producers Council and many other U.S. groups have supported Vietnam's WTO inclusion. They point out that the agreement will provide increased market access for U.S. beef, pork and poultry.

 
Source: Meatingplace.com