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Accession meant that China would engage in global competition according to rules that it did not make. China's admission was "an enormous multilateral achievement" that marked a clear commitment toward multilateralism. [16] When China joined the WTO, it agreed to considerably harsher conditions than other developing countries.
President Bill Clinton in 2000 pushed Congress to approve the U.S.-China trade agreement and China's accession to the WTO, [13] saying that more trade with China would advance America's economic interests: "Economically, this agreement is the equivalent of a one-way street. It requires China to open its markets—with a fifth of the world’s ...
A new member of this type is the Republic of China (Taiwan), which acceded to the WTO in 2002, and carefully crafted its application by joining under the name "Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei)" [19] [20] so that they were not rejected as a result of the One China principle implemented by the People ...
China’s Ministry of Commerce said it would file a legal case against the United States at the World Trade Organization (WTO), in response to President Trump’s decision Saturday to impose 10 ...
China's ambassador to the World Trade Organization said on Friday that Beijing would remain a "developing" country at the global trade body but would forego many of the benefits, signalling an ...
China's accession to the WTO meant that it had to liberalize its economy, and reduce state interference, which boosted the efficiency of Chinese exporters. [17] As China already had " most-favored nation " (MFN) status since the 1980s in Europe and the United States, WTO accession did not lead to lower trade barriers. [ 17 ]
In all three categories, the WTO said Australia's investigating authority, the Anti-Dumping Commission (ADC), had acted inconsistently with some articles of the anti-dumping agreement.
China's accession to WTO was preceded by a series of lengthy negotiations and discussion on significant required adjustments in the Chinese economy, which was an imperative for membership to be admitted.