The World Trade Organization (WTO) is expected to praise China's
trade policies in its first review of the country since it joined
the organization in 2001.
"We believe the WTO will largely acknowledge China's progress in
trade policies," said an official with China's commerce
ministry.
"There is not supposed to be much criticism, but they are likely
to make some suggestions."
The official meeting for the review was launched in Geneva on
Wednesday.
The official's prediction was based on a WTO report released
recently in which the organization spoke highly of China's
achievements. The report said China's economic reforms had brought
about a number of changes in the trade and investment policy
environment.
For example, it noted that "import barriers have been reduced
and investment is permitted in a larger number of sectors."
It added that lower tariffs had also been introduced for imports
and certain procedures had been simplified.
Since becoming a member of the WTO, the report said, China has
been "an active participant in the multilateral trading
system."
China's Vice-Commerce Minister Yi Xiaozhun, who headed the
Chinese delegation to the meeting, said China has comprehensively
and fully implemented the extensive commitments it made when
joining the WTO.
He said China's average tariff level for industrial goods had
been lowered from 14.8 percent before it joined the WTO to 9.1
percent in 2005, a relatively low level for economies within the
WTO.
China has opened up 10 service sectors and 100 sub-sectors, Yi
added.
It has also made efforts towards intellectual property right
protection, which he said was a challenge faced by many economies,
even developed ones.
According to an unnamed commerce ministry official, China has so
far received over 1,000 questions from trade partners.
Minutes of the official meeting, questions by WTO members and
answers from China are expected to be available in around six
weeks.
The review is one of the basic functions of the WTO, which aims
to improve the transparency of members' trade policies.
The WTO reviews the trade policies of the top four traders every
two years and looks at the next 15 most important economies every
four years.
China ranked sixth in terms of imports and exports when it
joined the organization, so this is the first time the country's
trade policies have been reviewed.
(China Daily April 22, 2006)