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Indian lawyer goes on Vietnam WTO mission

Delhi-based lawyer Madhurendra Nath Jha has been selected to advise the Government of Vietnam on WTO matters as a part of an international team of experts.

Jha is the only Indian lawyer on the panel to assist the Vietnamese Government along with three other members from Europe and the US. 

Vietnam became the 150th member of the World Trade Organisation (WTO) on 11 January 2007 after the General Council approved its accession package on 7 November 2006.

The European Union-funded Multilateral Trade Assistance Project III (MUTRAP III) is a project established to implement the post-WTO action plan to help Vietnam create sustainable growth through integration into the global trading system.

Jha's appointment under MUTRAP III came after a number of international law firms and candidates were by the EU, UN and the Government of Vietnam, said Jha.

He added: "Vietnam is becoming an Asian 'Tiger' economy and one of the most competitive manufacturing hubs for a range of industrial goods. It can offer a competitive alternate as a source from China."

"India's trade with Vietnam is likely to grow greatly as a result of the recent FTA [Free Trade Agreement] between India and ASEAN, as a result of which it is also possible that India may treat Vietnam in future as a market economy."

India has recognised Vietnam as a full market economy on the occasion of 15th ASEAN Summit held in Thailand last month.

This will enable Vietnam to make full use of the Free Trade Agreement in goods and is hoped to be a step forward in creating a favourable trade environment in the Asia-Pacific region.

Vietnam's legal market, which is currently not liberalised, is set for growth in the wake of the country's accession to the WTO and resulting opportunities from opening up to foreign trade and investment.

Jha founded the Law Offices of Madhurendra Nath Jha after having resigned as a partner of Paras Kuhad & Associates in August of 2008.

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