On the impact of WTO accession on China s trade

Updated on Financial 2024-02-09
3 answers
  1. Anonymous users2024-02-06

    China joined the World Organization.

    Positive significance: It is conducive to China's faster and better integration into the international economy and society; conducive to safeguarding the economic interests of our country; It is conducive to promoting the reform of China's economic system.

    conducive to the expansion of exports**; It is conducive to the introduction of foreign investment; It is conducive to stimulating the competitive consciousness of Chinese enterprises; It is conducive to China's technological progress; Beneficial to the gross national product.

    growth; It is conducive to the expansion of employment opportunities.

    WTO is the abbreviation of the world's leading organization, which is an important global economic organization, whose purpose is to promote the development of the world economy and welfare progress, advocate freedom and fairness, headquartered in Geneva, Switzerland.

    China formally joined the WTO on 11 December 2001.

    The main function of the world** organization is to reduce the number of countries and regions.

    Restrictions, controls and reductions in tariffs to promote international development.

    China's accession to the WTO is aimed at integrating into the world economic system, enjoying the benefits brought by multilateralism, developing its own advantages, and promoting national development.

    It's conducive to China's faster and better integration into the international economy and society; conducive to safeguarding the economic interests of our country; It is conducive to promoting the reform of China's economic system. conducive to the expansion of exports**; It is conducive to the introduction of foreign investment; It is conducive to stimulating the competitive consciousness of Chinese enterprises; It is conducive to China's technological progress; conducive to the growth of gross national product; It is conducive to the expansion of employment opportunities.

    Today's important international organizations include the United Nations, the World Trade Organization, and the International High Olympic Committee.

    The Red Cross will take the meeting, etc. They are playing an increasingly important role in many fields such as politics, economy, culture, science and technology, and in advocating peace and development today.

    With the continuous development of the international economy and the world, the international economic and trade field is the first war.

    It's also becoming more frequent. In the settlement of international economic disputes, the world organization has played an important role since its establishment.

    The dispute settlement body of the World Organization is the General Council, which deals with disputes arising from any agreement or agreement included in the Final Act of the Uruguay Round. In accordance with the commitments made by the members of the World Organization, the parties should not take unilateral action against each other, but seek redress through the dispute settlement mechanism and abide by its rules and the rulings it makes.

  2. Anonymous users2024-02-05

    1. Spend less money to buy imported goods. After China's accession to the WTO, tariffs will be lowered, and the entry of foreign goods into the Chinese market will be greatly reduced. In this way, we can not only effectively crack down on smuggling, but also enjoy more, more advanced and more convenient "imported goods".

    3. Exports** increased. China can obtain multilateral, stable and unconditional most-favored-nation treatment, and as a developing country to obtain special preferential treatment such as the Generalized System of Preferences, which is conducive to the diversification of the market, so that China's exports have increased greatly, and the export of textiles and apparel will benefit the most in the short term.

    4. It is conducive to the introduction of foreign investment. China's domestic market, especially the service market, will be more open, the total amount of foreign direct investment will increase by a large margin, and the forms of investment will be diversified, thus greatly enlivening the investment market, expanding the scale of production, and effectively promoting China's economic development.

    5. It is conducive to stimulating the competitive consciousness of Chinese enterprises. Due to the decline in imported raw materials, it is conducive to reducing the production cost of some enterprises, thereby improving their competitiveness. The pressure of competition will prompt state-owned enterprises to speed up the readjustment of their economic structure and product mix, and to speed up the process of restructuring, reorganization, integration, and merger.

    6. Opportunities and challenges coexist. Joining the WTO means that it is more closely related to the world market, and the domestic economy is more susceptible to the impact of international economic development than before.

    Legal basis: Article 7 (1) of the United Nations Convention on Contracts for the International Sale of Goods This Convention shall be interpreted in such a way as to take into account the international character of this Convention and the need to promote uniformity in its application and to observe good faith at the international level. (2) Any question falling within the scope of this Convention which is not expressly settled by this Convention shall be settled in accordance with the general principles on which it is based or, in the absence of such general principles, in accordance with the applicable law of private international law.

  3. Anonymous users2024-02-04

    1. Overall benefits: China's accession to the WTO will enable China to obtain greater efficiency gains in transportation fiber, which can promote market competition and the introduction and absorption of technology, which is conducive to the improvement of technological level and productivity.

    2. Structural adjustment: The overall economic efficiency gains are not evenly distributed among various departments, and joining the WTO will lead to a relatively large structural adjustment.

    3. Labor transfer: Structural adjustment will inevitably bring corresponding adjustment costs. The transfer and substitution of labor between sectors is likely to be the most important adjustment cost.

    4. Income distribution: It is worth noting that although WTO accession has promoted economic growth and brought greater benefits to China as a whole, the income distribution situation may deteriorate as a result, and this is mainly reflected in the further widening of the gap between urban and rural areas.

    5. Regional disparities: WTO accession may lead to further expansion of regional disparities.

    6. Fiscal revenue: The simulation results show that Hu Wuming's accession to the WTO has promoted the growth of the overall economy.

Related questions
9 answers2024-02-09

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. >>>More

4 answers2024-02-09

On China is the only monograph on China by Henry Kissinger, former US Secretary of State and "evergreen." From the unique perspective of a senior diplomat and thinker, he analyzed and sorted out China's diplomatic tradition since the ** war, explored the strategic thinking mode of the Chinese from the Go culture and Sun Tzu's Art of War, especially tried to reveal the formulation and decision-making mechanism of China's diplomatic strategy since the founding of New China, as well as the in-depth interpretation of the ins and outs of major diplomatic events such as the "one-sided" foreign policy, the War to Resist US Aggression and Aid Korea, the establishment of diplomatic relations between China and the United States, and the three **. As a first-hand witness of history, Dr. Kissinger also recorded his interactions with several generations of China.

10 answers2024-02-09

If we want to build a harmonious society, we must talk about the principle of harmony. Identify the source of disharmony. The vigorous book-burning pit Confucianism and discord itself have cultivated one or two generations. The low quality of the common people and the disharmony in the way of work intensify the contradictions and lead to the problem of the legal system. >>>More

9 answers2024-02-09

1. Whole: how much resources you can integrate, how much wealth you will get in the future; >>>More

31 answers2024-02-09

1. All national football coaches, clubs, and players will be removed, and the roll will be left; That. >>>More