Lessons learned from China s accession to the WTO in the past 10 years

Updated on Financial 2024-03-18
5 answers
  1. Anonymous users2024-02-06

    Opportunities: It is conducive to China's participation in international economic cooperation and international division of labor, and promotes economic development;

    It is conducive to expanding exports and utilizing foreign capital, and participating in international competition under equal conditions;

    It is conducive to promoting technological progress, industrial upgrading, and economic restructuring, and further improving the socialist market economic system;

    It is conducive to reform and opening up, the development of the socialist market economy and the improvement of people's living standards;

    conducive to promoting the growth of the world economy;

    It is also conducive to directly participating in the decision-making process of international rules in the 21st century, getting rid of the unfavorable situation of others formulating rules and China passively accepting them, so as to safeguard legitimate rights and interests.

    Challenge: WTO accession is also a serious challenge to China's weak industries. If the pace of reform is not accelerated, these industries will be in danger of being eliminated.

    With the further expansion of the market and the substantial reduction of tariffs, foreign products, services, and investments are likely to enter the Chinese market more, and some domestic products, enterprises, and industries will inevitably face more fierce competition.

  2. Anonymous users2024-02-05

    Joining the World Organization marks that China's opening up to the outside world has entered a new stage, which is both an opportunity and a challenge for us. It is conducive to opening wider to the outside world, winning a better international environment for China, promoting the reform of the economic system and the strategic readjustment of the economic structure, enhancing the vitality of China's economic development and international competitiveness, and generally conforming to China's fundamental and long-term interests. At the same time, after joining the WTO, competition in the international market will be more deeply integrated with competition in the domestic market, and the economic risks it will face will also increase significantly.

  3. Anonymous users2024-02-04

    The opportunity is to export cheap products to the wider world market, and the challenge is for fragile legal systems and intellectual property protection systems to accept threats and attacks from developed countries.

  4. Anonymous users2024-02-03

    November 1982.

    China was granted GATT observer status and was able to attend the annual meeting of the Conference of the Parties.

    November 6, 1984.

    The GATT Board of Directors has decided that China may participate in meetings of all GATT organizations.

    July 11, 1986.

    China sent an official note to GATT Secretary General Dunkel requesting the restoration of its status as a member of the General Agreement on Tariffs and **.

    The first meeting of the China Working Group was held in February 1988.

    15 April 1994.

    At the closing meeting of the Uruguay Round in Marrakech, Morocco, China and 122 other Parties signed the final document on the implementation of the outcome of the multilateral negotiations of the Uruguay Round. In view of the establishment of the World Organization (WTO), China has expressed its desire to become a member of the WTOI.

    21 December 1994.

    The 19th meeting of the GATT China Working Group was concluded. China has not been able to reach a consensus with other signatories on the issue of becoming a founding member of the WTO.

    1 July 1995.

    The WTO has decided to admit China as an observer to the organization.

    November 1995.

    China has announced plans to reduce import tariffs by 30 percent.

    20 March 1996.

    Informal multilateral consultations on China's accession to the WTO were held in Geneva, Switzerland.

    6 March 1997.

    Negotiations on China's accession to the WTO have made progress, and the EU hopes that China will join the WTO by the end of the year.

    October 1997.

    China announced that it will reduce its average import tariff from 23 to 17.

    29 October 1997.

    China and the United States issued a joint statement in Washington, stating that China's full participation in the multilateral system is in the interests of both sides.

    5 December 1997.

    The developing country members of the WTO issued a statement in Geneva, unanimously supporting China's accession to the WTO as soon as possible.

    February 1998.

    China has pledged to further reduce import tariffs.

    8 April 1998.

    The seventh session of the WTO Working Group on China concluded in Geneva.

    24 April 1999.

    The U.S. and China held talks in Beijing, covering textiles, services and procedural issues.

    8 May 1999.

    After the US-led NATO's brazen attack on the Chinese Embassy in Yugoslavia, Sino-US talks on China's accession to the WTO were suspended.

    13 September 1999.

    Shi Guangsheng, China's minister of foreign economic cooperation, held talks again with US representative Barshevsky on China's accession to the World Organization.

    10 November 1999.

    US negotiator Barshefsky and assistant Sperling arrived in Beijing, and a new round of bilateral talks between China and the United States on China's accession to the WTO was held in Beijing.

    15 November 1999.

    China and the United States reached an agreement on China's accession to the WTO.

    11 November 2001.

    China finally knocked on the door of the WTO and became the 143rd member of the WTO.

  5. Anonymous users2024-02-02

    China was the predecessor of the WTO and one of the founding countries of the General Agreement on Tariffs and Trade (GATT), but Western countries refused to recognize it because of political interests, and China was forced to give up its status as a member of the contracting party and join as an ordinary new member, so some of the privileges of the members of the contracting parties are not entitled to use.

    China's accession to the WTO: On July 11, 1995, the WTO General Council decided to admit China as an observer to the WTO. Since 1986, when China applied to return to the GATT, it has made 15 years of efforts to restore GATT and join the World Organization.

    On December 11, 2001, China officially joined the World Organization as its 143rd member.

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