What has China got after entering into the WTO?
Our country,China, had gone through a long way to join the WTO, World Trade Organization. WTO, which was set up out of General Agreement on Tariffs and Trade(GATT) in 1995, is concentrating on the balance and fair during the traces all around the word. It has the rules of open on market, fair in trade and non- discrimination, and has good or opposite influences towards each one of its members.
Our country handed the first official appliment at July 11th, 1995. After that, we sent many officers attending the meetings to show China’s effort on reducing the customs duties and canceling of the non-tariff barriers. On September 13th, 2001,China joined into the WTO.
What has China got after entering into the WTO?On the one hand, both the nation and people will benefit greatly from China’s entry into WTO, for instance, foreign companies stream into china and offer great job opportunities. On the other hand, the entry imposes some negative effects onChina. State-owned enterprises inChinaare undergoing great difficulties, which will be more acute with the flow of foreign competitors intoChina.
In short, excited about the advantages caused by the entry, we should not lose sight of the severe challenges posed by it.
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