Vietnam participates in the WTO dispute settlement mechanism

According to a VNA reporter in Geneva, on October 16, Vietnam officially announced its participation in the Multi-Party Interim Appeal Arbitration Mechanism (MPIA).

This is an initiative to contribute to maintaining the stability of the dispute settlement system of the World Trade Organization (WTO).

Vietnam’s participation in the MPIA sends a strong message of commitment to a rules-based multilateral trading system. In the context of the WTO Appellate Body, considered the “supreme court” of global trade, being temporarily suspended, Vietnam’s participation in the MPIA is considered a responsible action, contributing to maintaining trust and stability in international trade.

The MPIA initiative was established as a temporary solution, ensuring that WTO members still have a two-tier, objective and transparent adjudication mechanism to resolve trade disputes. By participating, Vietnam not only protects its own interests but also joins hands with the international community to strengthen the foundation of the WTO system.

Strategically, joining the MPIA helps to enhance Vietnam’s position and voice in discussions on WTO reform. This is an opportunity for Vietnam to demonstrate its role as an active, responsible member and ready to participate in shaping global trade rules in the future.

In terms of practical benefits, the MPIA is an effective “legal shield”. This mechanism provides Vietnam with a necessary tool to protect the legitimate rights and interests of businesses and export industries in the face of complex trade disputes. Ensuring the right to appeal in a lawsuit will help make judgments fairer and more reliable, creating a more predictable and secure international business environment.

Vietnam has become the 57th WTO Member to join this mechanism, joining many major economies and important trade partners such as the European Union, China, Japan, Canada, Australia, and ASEAN neighbors such as Singapore, Malaysia, and the Philippines. This move affirms that Vietnam is further strengthening the process of deep and comprehensive international economic integration.

Source: https://baotintuc.vn/kinh-te/viet-nam-tham-gia-co-che-giai-quyet-tranh-chap-cua-wto-20251017063124053.htm