When did the United States join the WTO, and when did China join the WTO?

Updated on Financial 2024-02-09
9 answers
  1. Anonymous users2024-02-05

    The United States was one of the signatories to the General Agreement on Tariffs and Trade (GATT) in 1945, and the original signatory to the WTO in 1995 automatically became a member state.

    At the Bretton Woods Conference held in July 1944, it was envisaged that the World Bank and the International Monetary Organization would be established at the same time as an international organization, so that they would become the "monetary, financial, and multi-layered" institutions that would dominate the world economy after World War II.

    In 1947, the Havana Charter, signed by the United Nations** and the Employment Conference, agreed to establish the WTO, which was later prevented due to the opposition of the United States. In the same year, the United States initiated the drafting of the General Agreement on Tariffs and Trade (GATT) as a temporary contract to promote liberalization.

    After the launch of the Uruguay Round of GATT negotiations in 1986, the European Community and Canada formally proposed the establishment of a WTO in 1990, and the GATT Ministerial Conference held in Marrakesh, Morocco, in April 1994, formally decided to establish a WTO.

  2. Anonymous users2024-02-04

    The United States joined the WTO on January 1, 1995.

    1 January 1995, World Organization.

    WTO) was established and officially began to be responsible for the management of the world economy and the ** order, with the United States as the first member country, with Antigua and Barbuda, Australia, Bahrain, Barbados.

    and more than 70 other countries have automatically joined the WTO.

  3. Anonymous users2024-02-03

    China joined the WTO in 2001. China's accession to the World Trade Organization (WTO) refers to the social event of China's formal accession to the world's leading organization on December 11, 2001. China's WTO accession negotiations are a difficult contest in the history of the multilateral system, and it is also rare in the history of world negotiations, and it has gone through three stages in 15 years

    The first phase, from the early 80s to July 1986, was mainly about preparing for the resumption of customs.

    The second stage, which lasted from February 1987 to October 1992, was mainly to review China's economic and trade system. The third phase, from October 1992 to September 2001, began with substantive negotiations, namely bilateral market access negotiations and multilateral negotiations around the drafting of a legal document on China's accession to the WTO.

    Social impactChina's accession to the World Organization in 2001 was a milestone in China's in-depth participation in economic globalization and marked the beginning of a new historical stage in China's reform and opening up. Since China's accession to the WTO, China has actively practiced the concept of freedom, fully fulfilled its commitments, opened up its markets to a wide range of mutual benefits and win-win results, and demonstrated its responsibility as a major country in opening up.

  4. Anonymous users2024-02-02

    Legal Analysis: China's entry into full membership of the WTO in 2001 is a historic event in China's reform and opening up. Over the past nine years since its accession to the WTO, China has unswervingly adhered to reform and opening up, taken the initiative to seize the historical opportunity of economic globalization, and actively used the multilateral institutional framework of the WTO to develop economic and trade relations with other countries in the world.

    From 1978 to 2008, China's economy grew at an average annual rate. Since the outbreak of the international financial crisis, China has comprehensively implemented and continuously enriched and improved a package of plans and policy measures to deal with the impact of the international financial crisis, and China's economic growth in 2009 has made its own contribution to regional and world economic recovery.

    Legal basis: "Decision of the Standing Committee of the National People's Congress on China's Accession to the World Organization" The 15th meeting of the Standing Committee of the Ninth National People's Congress heard and deliberated the "Report on the Progress of China's Accession to the World Organization" made by the Ministry of Foreign Economic Cooperation on behalf of the Ministry of Foreign Economic Cooperation, and fully affirmed China's efforts to join the World Organization.

    The meeting held that China's accession to the world's leading organization, as the largest developing country in the world, is conducive to China's reform and opening up and economic development, and is also the need to establish a complete and open international system. China's accession to the world organization can only be joined as a developing country, and adhere to the principle of balancing rights and obligations and opening up the market step by step, so as to ensure that the state controls the lifeline of the national economy and safeguards national economic security and national sovereignty.

    According to the new progress of China's negotiations on joining the World Organization after the 15th meeting, this meeting decided: to agree to complete the negotiations on China's accession to the World Organization in accordance with the above-mentioned principles and to sign the protocol on China's accession to the World Organization, and to complete the procedures for China's accession to the World Organization after approval.

  5. Anonymous users2024-02-01

    China joined the WTO in 2001. On November 10, 2001, the Fourth Ministerial Conference of the World Organization held in Doha deliberated and adopted China's decision to join the World Organization by consensus. On December 11, China officially became a member of the world's leading organization, and China's opening up to the outside world entered a new stage.

    The great significance of China's accession to the World Organization.

    Joining the world organization has profoundly changed the relationship between China and the world economic system, enabling China to give full play to its comparative advantages, deeply participate in the international division of labor system, and rapidly develop into the world's most important investment power; It provides better conditions for China's participation in global economic governance, and China's international influence continues to rise; It has effectively promoted the reform of the domestic economic system, stimulated the vitality of market players, and released the potential of economic development.

    It has effectively promoted the improvement of China's position in the global economic system. After joining the World Organization, China can enjoy the rights of a member of the World Organization and better enjoy the institutional achievements of international investment liberalization and facilitation. This has created a more stable, transparent and predictable international economic and trade environment for China, and the confidence of domestic and foreign investors in China's participation in the international division of labor and the development of foreign economic and trade cooperation has been significantly enhanced.

  6. Anonymous users2024-01-31

    It was 2001. Since December 11, 2001, China has officially joined the WTO on July 11, 2001.

    The General Council decided to admit China as an observer to the organization.

    World Organization, 10 November 2001.

    The Fourth Ministerial Conference of the WTO deliberated and approved China's application to join the World Organization, and China will formally become a member of the WTO from December 11.

    Organizational significance of the WTO:Maintaining the multilateral system with the world organization as the core is of great significance for promoting the stable development of the international and world economy. The world's first organization has created new mechanisms and procedures for the settlement of global disputes, including the establishment of a dispute settlement mechanism and its appellate body, and the establishment of an adjudication mechanism with the enforceability of international law, so it is called an international organization with "teeth".

  7. Anonymous users2024-01-30

    China joined the World Organization (WTO) on December 11, 2001.

    The WTO (World Trade Organization) is a global international organization founded in 1995. Headquartered in Geneva, Switzerland, it currently has 164 member countries, covering 98% of the world's capital**.

    The main responsibility of the WTO is to regulate the international community, with the aim of promoting a free, fair, accessible and balanced environment around the world, and to ensure the implementation of agreements among member states. The main responsibilities of the WTO include promoting liberalization, promoting facilitation, coordinating the policies of member countries, and resolving disputes between member countries.

  8. Anonymous users2024-01-29

    Social events. China's accession to the WTO refers to the social event of China's formal accession to the WTO on December 11, 2001. The World Organization, the World Bank, and the International Monetary Organization are listed as one of the three most extensive international economic organizations in the world today.

    Its main functions are as follows: formulating international economic and trade rules and supervising their implementation, organizing members to conduct open market negotiations, and establishing a dispute settlement mechanism among members. Hence the name "Economic United Nations".

    Since the mid-80s of the 20th century, whether or not to join the multilateral system based on the GATT and the WTO has become an important criterion for judging whether a country has responsibly joined the international community and whether its economy is in line with the world economy. At present, the 142 members of the WTO account for 95% of the world's total investment, and 80% of the world's total transnational investment. Gaining a seat at the WTO is equivalent to gaining many passports to the international market.

    China needs the WTO. Comrades have long pointed out that "China's development cannot be separated from the world" and "it is impossible to engage in construction behind closed doors."

    The benefits and risks of economic globalization are not equal to those of developed and developing countries. However, if developing countries do not want to fall behind and do not want to be beaten passively for a long time, they must take advantage of the trend and actively integrate into economic globalization. [2]

    Since the beginning of reform and opening up, especially since the establishment of the socialist market economic system in 1992, China's economic strength has been markedly enhanced, and it has been able to participate in the international division of labor and competition in many fields. However, due to its long-term exclusion from the world's multilateral system, China has had to rely mainly on bilateral consultations and agreements to coordinate its foreign and economic relations, resulting in many discriminatory or unfair treatment of domestic enterprises and products when entering the international market. After joining the WTO, China will not only have the right to share in the fruits of economic globalization, but will also be able to participate in the formulation of relevant rules of the game, take the initiative to establish a new international economic order, and use the WTO dispute settlement mechanism to occupy an advantageous position in the international war.

    At the same time, the WTO needs China. As the largest developing country in the world, China has more than 1 5 of the world's population. The total economic output and the total value of imports and exports rank among the top in the world, and the absorption of foreign investment ranks first among developing countries for many years.

    Among them, the amount with WTO members accounts for 90% of China's total foreign exports.

  9. Anonymous users2024-01-28

    It was approved on November 10, 2001, because according to WTO regulations, members do not become full members until 30 days after they are approved to join, so the actual time of accession is December 10, 2001.

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