Free Trade With China :: essays research papers

China will continue its efforts to get in into the World tack Organization (WTO), Chinese Minister of Foreign Trade and Economic Cooperation Wu Yi say in Beijing on April 21 during her negotiation 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 sort of speed up its reform and enterprisingness drive. She noted that Chinas position on entering WTO is firm and clear, and Chinas entry will be not tho beneficial to China but also to all members of WTO and the development of the population economy. Wu said that China asked to join the multi-national trade system 11 long time 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 collective market economy. Chinas participat ion 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 merging of the Chinese working group, saying it indicates that as long as the parties refer 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 ongoing opportunity, she said, adding that Chinas efforts alone are not enough. Wu said that major members of WTO should not acquit Chinas development potential as reality and therefore make an false evaluation of the situation. China firmly opposes economic hegemonism and hopes that major negotiating parties will go off their requirement on a legal basis and within the chemical mechanism and scope of WTO agreemen ts, she noted. In the meantime, she continued, they should also take into consideration Chinas economic circumstance as a developing country and its social and economic situation.