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

chinas Accession to the solid ground swop Organization After almost 15 years of negotiations, mainland chinaware successfully entered the World carry on Organization on December 11, 2001. In less than three years since its accession, while Chinas go along has been somewhat behind schedule, the country has made very(prenominal) significant changes that hurt helped transition it to a market economy and open the country to the three-cornered vocation system. Following the Uruguay Round of multilateral allot negotiations, The World backup Organization (WTO) was established in 1995 as the successor to the General conformity on Tariffs and craftsmanship (GATT). The WTO is an international organization that watches over trade relationships in the midst of nations dealing with goods, services, intellectual property and investments. The main function of the WTO is to ensure that trade flows as smoothly, predictably and freely as possible (The World Trade Orga nization). The WTO helps international cooperation by providing countries with a fair forum for closure disputes over trade issues. Member countries bring their trade disputes to the WTO rather than acting unilaterally. The organization also strives to lower the cost of living and boost sparing growth by reducing protectionism and promoting freer trade. Member countries enjoy the security the trading rules provide, but they are required to commit 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 first describe all characteristics of its economical and trade policies. The prospective member will then begin collimate 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 Review. 24 Sept. 2004. The U.S.-China Business Council. 30 Sept. 2004. .WTO Ministerial Conference approves Chinas accession. WTO News 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. .