By Alan S Alexandroff, Sylvia Ostry, Rafael Gomez
On December eleventh 2001, China joined the realm exchange association (WTO). China and the lengthy March to worldwide Trade examines the lengthy negotiations top as much as this old occasion. This edited assortment assumes little past wisdom of the chinese language accession procedure but offers an in-depth exam of the similar matters. it really is as a result compatible for either those that require an advent to the sphere and people with an present curiosity in China and the area alternate association.
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Extra resources for China and the Long March to Global Trade: The Accession of China to the World Trade Organization
The negotiated definition agreed to include foreign-owned stores that would sell products of different types and brands from different suppliers and include more than 30 outlets. In the end, of course, what will count is less the negotiation than the implementation. Yet the words of the US Trade Representative, Robert B. 9 Notes 1 Jeffrey L. Gertler is Senior Counsellor, Legal Affairs Division and Secretary, Working Party on the Accession of China, World Trade Organization, Geneva. The views Negotiating China’s Protocol of Accession 29 2 3 4 5 6 7 8 9 expressed in this chapter are those of the author and are not to be attributed to the WTO, its Members or the Secretariat.
Members and China recognize that more work needs to be done in each of these areas, as well as some redrafting of a technical nature and an overall review to ensure consistency in form. Additional work will need to be done on the draft Protocol to bring it into line with certain commitments China has agreed to – or may yet agree to – in the context of bilateral negotiations. Prominent here are provisions worked out as part of China’s deal in November 1999 with the United States. Among the provisions to be discussed multilaterally are: particular actions by China to comply with the WTO’s national treatment obligations; other specific actions to progressively liberalize its state-trading regime; an additional period for phasing out restrictions on imports of China’s textiles and apparel products, going four years beyond the period provided for under the Agreement on Textiles and Clothing; a product-specific safeguard that would last 12 years and be based on a lower threshold of injury than that contained in the WTO Safeguards Agreement, namely market disruption rather than serious injury, and permit a Member invoking the special safeguard to apply restraints on a discriminatory basis against imports from China; and the ability for other Members to treat China as a non-market economy in determining dumping prices for a period of 15 years.
After China’s revolution in 1949 and the split between Mao Zedong and Chiang KaiShek, the government in Taiwan announced in 1950 that China would leave the GATT. Although the government in Beijing never recognized this withdrawal decision, nearly 40 years later in 1986, the People’s Republic of China notified the GATT of its wish to resume its status as a GATT contracting party and its willingness to renegotiate the terms of its membership. A working party to examine China’s status was established in March 1987 and met for the first time in October of that year.