| Saturday, November 10, 2001, updated at 12:12(GMT+8) |
Decision of NPC Standing Committee on China's Accession to WTO |
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The following is the full text of the Decision of the Standing Committee of the National People's Congress (NPC) on China's Accession to the World Trade Organization (WTO):
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Decision of NPC Standing Committee on China's Accession to WTO
The following is the full text of the Decision of the Standing Committee of the National People's Congress (NPC) on China's Accession to the World Trade Organization (WTO):
Decision of the Standing Committee of the National People's Congress on China's Accession to the World Trade Organization
Adopted at the 17th Session of the Standing Committee of the 9th National People's Congress on August 25, 2000
The 15th Session of the Standing Committee of the 9th National People's Congress heard and reviewed the Progress Report on China's Accession to the World Trade Organization delivered by the Ministry of Foreign Trade and Economic Cooperation at the behest of the State Council and fully endorsed the efforts made by the Chinese Government to seek WTO membership for the country.
The Session was of the view that China is the world's largest developing country and its accession to the WTO will contribute to the country's reform, opening up and economic development and also serve the need for the establishment of a complete and open international trading system. China can join the World Trade Organization only as a developing country and by adhering to the principles of balance between rights and obligations and of step-by-step market opening so as to ensure state control of national economic lifeline and safeguard national economic security and state sovereignty.
In the light of the latest development in the negotiations on China's accession to the WTO following the 15th Session, this Session decides to agree that the State Council, in accordance with the afore-mentioned principles, conclude the WTO accession negotiations and designate its representative to sign the Protocol on China's Accession to the World Trade Organization, thus completing the procedures on China's WTO accession subject to the ratification of the President of the country.
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