20 years after China's entry into WTO -- China's mark shines all over the world

2021-12-13

On December 11, 2001, the protocol on China's accession to the WTO officially entered into force. A large developing country with nearly one-fifth of the world's population has since started the process of Deep Participation in economic globalization. In the 20 years since China's accession to the WTO, China has deepened reform, fully opened up, fully fulfilled its WTO commitments, and activated a pool of spring water in the world economy; In the 20 years since China's accession to the WTO, China's influence in the WTO has continuously increased and played a mainstay role in the multilateral trading system. China and the world will benefit from mutual benefit and win-win results On November 11, 2001, at the fourth WTO Ministerial Conference held in Doha, Qatar, Shi Guangsheng, then Minister of foreign trade and economic cooperation, signed the protocol on China's accession to the WTO on behalf of the Chinese government. "Looking back 20 years later, I really realized that at that moment, it had changed China and the world so profoundly." Zhang Xiangchen, deputy director general of the WTO, who witnessed the signing moment that year, said. In the 20 years since China's entry into WTO, China's economy has developed rapidly. China's total economic output has risen from the sixth to the second in the world, the trade in goods has risen from the sixth to the first in the world, the trade in services has risen from the eleventh to the second in the world, and the utilization of foreign capital has steadily ranked first among developing countries. Former French Prime Minister Raffarin said that the 20 years since China's accession to the WTO have proved that China's economic and social development has made great progress, and the expansion of opening up has finally promoted China's rapid development. In the 20 years since China's accession to the WTO, the world has shared China's dividends. Relying on its super large-scale market advantages and domestic demand potential, China's expansion of opening to the outside world has brought broad opportunities to all countries and injected strong momentum into the world economy. According to Yi Xiaozhun, former deputy director general of the WTO, China's accession to the WTO is a "classic case of mutual benefit and win-win results". This is a 20-year "list" of fulfilling China's WTO commitments - China's total tariff level has dropped from 15.3% to 7.4%, lower than the WTO commitment of 9.8%; In the service sector, China promised to open 100 sub sectors in 9 categories in 2007, while it actually opened nearly 120 sub sectors China's commitment to practice has been fully affirmed by the international community. Lamy, former director general of the WTO, commented on China's "a +" implementation of its WTO accession commitments, believing that China's WTO accession is "a great contribution to the world economy". Nicholas Peter, director in charge of China Affairs of BMW Group, believes that China's accession to the WTO is a success story, which fully shows that global trade and cooperation are an important driving force leading to common prosperity. Liang Guoyong, senior economist of the United Nations Conference on Trade and development, said that China's accession to the WTO has greatly promoted the process of reform and opening up, promoted China's economic development and reshaped the global economic pattern. It is a major milestone in the economic history of China and the world. China's contribution is indispensable As a witness to the whole process of China's accession to the WTO, WTO spokesman Keith Rockwell clearly remembers the scene when the WTO China working group meeting reached an agreement on the legal documents for China's accession to the WTO 20 years ago. "We have witnessed history." Rockwell said that in the 20 years since China's accession to the WTO, China has "participated with enthusiasm and a responsible attitude" and has become an "important" and "active" member of the WTO. China's accession to the WTO has established stable policy expectations for its trading partners; China's integration into economic globalization has provided the world with a huge market space. Peter Hansen, head of the China Office of the Danish Federation of industry, believes that China's accession to the WTO has brought great changes and achievements, and foreign companies have been able to flourish in the "sea" of China's economy. Patricio Justo, director of Argentina's Arab China Research Center, said that the epidemic is raging all over the world, and China still has not stopped its pace of opening to the outside world. I believe that China will continue to move forward on a more open and innovative road in the future. With the growth of economic strength, China has become an important member of the WTO and plays an important role in the discussion of all issues. Sun Zhenyu, China's first permanent representative to the WTO, said that since 2004, no major WTO negotiations can be without China. According to Li Chenggang, China's permanent representative to the WTO, China is changing from a recipient and follower of multilateral rules to an important participant in rule making. China has actively engaged in plurilateral negotiations in various fields such as domestic regulation of trade in services, e-commerce and investment facilitation, and promoted the reform of the WTO. In 2017, China, together with other WTO members, launched the "Friends of investment facilitation" mechanism to carry out a series of informal dialogues and high-level discussions, which has attracted 106 members to join. Along with the "world", China's role is highly expected Over the past 20 years, China has made important contributions to safeguarding the multilateral trading system and promoting the development of world economy and trade. China abides by international trade rules, actively upholds the multilateral trading system with the WTO as the core, and has played a mainstay role. Faced with the impact of protectionism, China has played a constructive role in consolidating the basic position of the WTO in the global trading system. Facing the impact of COVID-19 on the global economy and trade system, China, as a member of WTO, has made important contributions to promote the fair distribution of vaccines and ensure the stability of the global supply chain. Maria Monte, a scholar at the Catholic University of Chile, believes that China has vigorously promoted dialogue under multilateral frameworks such as the WTO, and its participation in the multilateralism agenda has promoted the establishment of a new type of international relations. Jos é Ricardo Luce, CEO of Brazil business leaders organization in China, said that China plays a very positive role in important multilateral platforms such as the WTO, allowing the world to see an open and inclusive country working for the common destiny of mankind. China's entry into WTO is a magnificent historical process accompanied by the tide of reform and opening up. As Yi Xiaozhun said: "China's accession to the WTO has not only written a heavy color in the history of the world economy, but still has a profound impact on the direction of China's economic and trade policies today." (outlook new era)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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