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China's Economic Benefits from Its WTO Membership
Member rating: No Rating | Words: | Submitted: Thu Aug 21 2003
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China's Economic Benefits from Its WTO Membership ???991???? China officially applied to the General Agreement on Tariff and Trade (GATT), the predecessor of the World Trade Organization (WTO), in July 1986 to resume its status as an original contracting party. After the WTO replaced the GATT in 1995, China's application was to become a member of (to "access to") the global trade organization. Thus, even if China becomes a member of the WTO in 2001, as many now believe, its effort to join the trade body will have taken fourteen years, much longer than the application process of any current WTO member. China's great effort for WTO membership is a testimony of its importance to the Chinese economy. It would not be an exaggeration to say that if Deng Xiaoping's economic reform and open door policy marked China's opening to the world, then China's accession to the WTO will mark...
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