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    Home > Chemicals Industry > China Chemical > The Eighth WTO Review of China's Trade Policy Was Successfully Held

    The Eighth WTO Review of China's Trade Policy Was Successfully Held

    • Last Update: 2023-03-25
    • Source: Internet
    • Author: User
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    On October 20 and 22, the WTO held its eighth online trade policy review with China

    Before this review meeting, the Chinese side received 2,250 written questions from 39 members, and 65 representatives made speeches at the meeting
    Members generally appreciated China's great economic and social achievements since its accession to the WTO, positively affirmed China's important role as the main engine of world economic growth, and fully recognized China's role in helping other developing countries and least developed countries get rid of poverty, reduce debt and integrate into international trade.
    contribution in this regard
    Members spoke highly of China's role in international anti-epidemic cooperation, especially thanked China for providing vaccines and anti-epidemic materials, fully recognized China's efforts in safeguarding the multilateral trading system and participating in various WTO work, and appreciated China's investment in trade and investment.
    Liberalization and facilitation, expanding opening to the outside world, and building the “Belt and Road” have made efforts and achievements

    Minister of Commerce Wang Wentao attended the first day of the meeting by video, and explained to WTO members that China's high-quality economic development has brought great opportunities to all countries, China has fully supported international anti-epidemic cooperation with practical actions, and China firmly safeguards the multilateral trading system.
    Call on all members to jointly oppose unilateralism and protectionism, practice genuine multilateralism, and express expectations for the positive results of the 12th WTO Ministerial Conference
    Vice Minister Wang Shouwen and Deputy Representative of International Trade Negotiations introduced the development of China's economic and trade policies and participation in the WTO work since the last review, focusing on the "Belt and Road" initiative, transparency, intellectual property protection, government procurement, state-owned enterprises, overcapacity, The issues of concern to some members, such as dual circulation and trade surplus, were clarified and explained
    Ambassador Li Chenggang, Permanent Representative of China to the WTO, attended the conference in Geneva

    The chairman of the meeting and Botswana's permanent ambassador to the WTO, Morrocombe, said in his concluding remarks that members appreciate China's great achievements since its accession to the WTO, lifting hundreds of millions of people out of poverty.
    The underdeveloped countries have made positive contributions and expect China to play a greater role in global cooperation

    The WTO's trade policy review mechanism is an important platform for members to understand each other's trade systems and policy trends
    China joined the WTO in 2001.
    After a five-year transition period, China has been subject to the WTO trade policy review since 2006, and has completed 8 reviews so far

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