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The role of WTO in China.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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AFM BSc Business Management (with English) BUSINESS AND ETHICS By Waiqiao Cheng Tutor Dave 13-05-02 THE ROLE OF WTO IN CHINA Introduction China completed a 15-year quest on 10th November in 2001 in the Qatari capital of Doha to join the World Trade Organisation (WTO). It brings a market of 1.3billion people into the global system and changes the way China dose business with the world. France's finance minister Laurent Fabius said, " We are talking about the WTO. Yet the 'W ' without China is not the World. Now it will be." It indicates the entry of China - the world's most populous nation into the World Trade Organisation is inevitable. WTO membership will open more markets for China's rapidly expanding economy. It means China is mastering enormous opportunities. But it will also make China's industries into merciless foreign competition as tariffs are lowered. Tense of millions of people could...
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