The highest decision-making body of the WTO, the Ministerial Conferenceusually meets every two years. The Ministerial Conference can take decisions on all matters under any of the multilateral trade agreements. Some meetings, such as the inaugural ministerial conference in Singapore and the Cancun conference in  involved arguments between developed and developing economies referred to as the " Singapore issues " such as agricultural subsidies ; while others such as the Seattle conference in provoked large demonstrations. The fourth ministerial conference in Doha in approved China's entry to the WTO and launched the Doha Development Round which was supplemented by the sixth WTO ministerial conference in Hong Kong which agreed to phase out agricultural export subsidies and to adopt the European Union 's Everything but Arms initiative to phase out tariffs for goods from the Least Developed Countries.
WTO Accession and U. EU trade commissioner Sir Leon Brittan and Chinese trade minister Shi Guangsheng met earlier this month to work out details for facilitating a entry.
The EU and Japan worry that if China is not a member prior to new multilateral negotiations, gaining admission will be even harder for the country, should even more concessions be sought as a result of that round. China will in the very near future submit a new tariff offer and offers on distribution, legal and accounting services.
China will be basing any forthcoming phaseout commitments using as the assumed accession year. According to EU officials, China is focusing most of its efforts on domestic reform issues without incorporating liberalisation.
In related news, U. Representative Dick Gephardt Democrat-Missouri introduced earlier this year a bill requiring a congressional vote before the U. The bill was not voted on during the most recent session of Congress just concluded, but is likely to come up for discussion when Congress reconvenes.
The issue of approving most-favoured-nation MFN status for China is likely to be hotly debated in Congress in the coming months. This article is published under.Achievements and Challenges for the Development of China's Foreign Trade after the WTO Accession -- Analysis from the Perspective of Sustainable Development.
WTO Accession and Environmental Consequences China’s accession to the World Trade Organization (WTO) is an important event for both China and the WTO. Accession will accelerate and modify the processes of structural economic change that have characterized China’s economy for the past decade.
Prior to China's accession to WTO, members of the WTO controlled about 94% of the entire international trade, while now this figure is close to %. The new Doha round of trade negotiations is under way currently within the framework of WTO. Since its accession into the WTO in , China‘s share in global trade has doubled – accounting for percent of the world’s merchandise trade exports and percent of merchandise trade imports.
Chinese and EU officials June 11 agreed to make every effort to conclude talks for China's entry into the WTO by the end of EU trade commissioner Sir Leon Brittan and Chinese trade minister Shi Guangsheng met earlier this month to work out details for facilitating a entry.
The past week has seen a flurry of activity at the WTO in preparation for the upcoming December ministerial. With the event less than eight weeks away, delegations are pushing to finalise items for inclusion on the ministerial agenda before next week's 2 November deadline.