WTO membership 'big plus for everyone?'
By Jiang Wei (China Daily)Updated: 2006-12-06 09:10
"As the country adjusts its laws and regulations concerning the service
market, overseas service providers have gained increased access to the Chinese
market," Zhang said.
Over 100 service sectors, or 62.5 per cent of the
total service industry, have been opened to international players. This
percentage is close to the level of developed WTO members.
Finally, the
country's enforcement of intellectual property rights (IPR) protection has
improved following the adjustment of virtually all IPR-related laws and legal
explanations to conform to international rules.
The WTO trade policy
review also urged China to address some problems related to non-trade barriers
and encouraged the country to accelerate its efforts in subsidy
notifications.
However, Zhang acknowledged, trade protectionism is rising
as economic globalization gathers pace.
As China's trade volume
with the rest of the world continues to grow rapidly, the nation is becoming
embroiled in more trade conflicts and has become the biggest victim of trade
disputes China is involved in one out of every seven global dumping disputes.
"We expect China will continue to
encounter trade disputes for a rather long period of time," Zhang
said.
As the world's most populous nation marks the fifth anniversary of
its entry into the global trade body, China is also poised to become an even
bigger player in economic globalization.
For example, China has made
numerous efforts to restart the WTO's stalled Doha round of talks in a bid to
lower global trade barriers.
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