China’s Accession to the World Trade Organization Essay -- Essays Pape

chinawares Accession to the serviceman Trade memorial tablet After close 15 years of negotiations, china successfully entered the population Trade Organization on December 11, 2001. In less than three years since its accession, epoch Chinas progress has been somewhat behind schedule, the country has make very significant changes that have helped transition it to a market prudence and open the country to the four-sided trading system. Following the Uruguay Round of multilateral trade negotiations, The World Trade Organization (WTO) was established in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT). The WTO is an international arrangement that watches over trade relationships between nations dealing with goods, services, intellectual property and investments. The master(prenominal) function of the WTO is to ensure that trade flows as smoothly, predictably and freely as possible (The World Trade Organization). The WTO helps inter national cooperation by providing countries with a fair forum for resolving disputes over trade issues. share countries sire their trade disputes to the WTO rather than acting unilaterally. The organization also strives to lower the address of living and boost economic growth by reducing protectionism and promoting freer trade. Member countries enjoy the security the trading rules provide, but they are required to endue to opening their markets and abiding by the commitments they agreed to. The process of joining the World Trade Organization is very complicated. The country applying for membership must start describe all characteristics of its economic and trade policies. The prospective member leave then begin parallel bilateral talks with member countries to n... ...eb. 2002. China & the WTO. 26 Nov. 2004. .The World Trade Organization.. April 2003. World Trade Organization. 7 Oct. 2004. .Walton, Julie. WTO China Enters Year Three. The China Business Re view. 24 Sept. 2004. The U.S.-China Business Council. 30 Sept. 2004. .WTO Ministerial Conference approves Chinas accession. WTO news show 2001 Press Releases. April 2003. World Trade Organization. 30 Sept. 2004. .WTO successfully concludes negotiations on Chinas entry. WTO News 2001 Press Releases. April 2003. World Trade Organization. 30 Sept. 2004. .