Publication Type

Journal Article

Version

Publisher’s Version

Publication Date

2007

Abstract

On 10 November 2001, China finally acceded to the World Trade Organization (WTO) after a marathon negotiation spanning 15 years. China's membership in the WTO raises interesting questions for both the WTO and China. For the WTO, the question is how to deal with China?a huge country of growing importance as a major global exporter and importer but is still in economic transition. For China, the question is how to implement the numerous obligations in the WTO accession package. This paper sets out by reviewing China's experience in the General Agreement on Tariffs and Trade (GATT) and the WTO. It then discusses the benefits and challenges arising from China's WTO accession, in particular the challenges arising from market access commitments and rules obligations. The author is of the view that whilst the market access commitments are relatively easy to deal with, the rules obligations may have much broader implications on both China and the multilateral trading system. This is especially true for the WTO-minus rights provisions which are embodied in the Accession Protocol and Working Party Report of China. Finally, the author analyses the actions taken by the Chinese government since its WTO accession to implement the commitments and to deal with the challenges, and suggests some trade policy reforms.

Keywords

China, WTO, trade, antidumping, subsidy, safeguards, FTA, RTA, dispute settlement

Discipline

Asian Studies | International Trade Law | Transnational Law

Research Areas

Public International Law, Regional and Trade Law

Publication

Singapore Year Book of International Law

Volume

11

First Page

41

Last Page

74

ISSN

1793-0448

Publisher

National University of Singapore Faculty of Law

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://law.nus.edu.sg/sybil/downloads/articles/SYBIL-2007/SYBIL-2007-41.pdf

Share

COinS