Free Trade With China :: essays research papers

China will continue its efforts to picture into the World parcel out Organization (WTO), Chinese Minister of Foreign Trade and Economic Cooperation Wu Yi tell in Beijing on April 21 during her dialogue with Renato Ruggiero, director-general of WTO. Wu said that although China hopes to solve this problem as soon as possible, it is prepared for new difficulties and obstacles it will face in the entry process. No matter what the outcome, she said, China will not stop but kinda speed up its reform and possibility drive. She noted that Chinas position on entering WTO is firm and clear, and Chinas entry will be not except beneficial to China but also to all members of WTO and the development of the humanness economy. Wu said that China asked to join the multi-national trade system 11 old age ago because the country realized at that time that the objectives of the reform and opening are to gradually change from the planned economy to a socialist market economy. Chinas participation in the WTO shares the aims of reform and opening, as well as those of the socialist market economy, which was advocated by the late Chinese leader Deng Xiaoping. Wu said she is satisfied with the progress made in the recent third face-off of the Chinese working group, saying it indicates that as long as the parties touch have a sincere desire to solve the problem, and bring that sincerity to the negotiation table, the discussions will move forward. The major negotiation parties should work harder to be flexible and down to earth, in order to make the most of the sure opportunity, she said, adding that Chinas efforts alone are not enough. Wu said that major members of WTO should not prefer Chinas development potential as reality and therefore make an fantastic evaluation of the situation. China firmly opposes economic hegemonism and hopes that major negotiating parties will conjure their requirement on a legal basis and within the implement and scope of WTO agreements, she n oted. In the meantime, she continued, they should also take into consideration Chinas economic military position as a developing country and its social and economic situation.