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The PRC is now a member of the WTO and very much part of the globalization process - Discuss the implication of this for maniland China, the regions and world trade.
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The PRC is now a member of the WTO and very much part of the globalization process. Discuss the implication of this for maniland China, the regions and world trade. After 15 years of negotiations, trade ministers from across the world have officially approved China's entry into the World Trade Organization (WTO) in December 11 2001.1 China's formal membership comes exactly one month after the 142 members of the WTO ratified its application at the world trade talks in Doha in the Gulf state of Qatar, and the Chinese government formally approved the deal.2 However, adapting to the negotiated WTO package will be only part of the major changes. China was too advanced in some sectors for WTO member countries to be comfortable giving developing country status that brings with it loose timetables and "differential and more favorable treatment" for meeting WTO obligations.3 But China was also not a developed economy...
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