| Last updated at: (Beijing Time) Thursday, November 15, 2001 |
China's WTO Entry Has Positive Impacts on Sino-U.S. Trade Ties |
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Yang Jiechi, Chinese Ambassador to the United States, said on Wednesday that China's entry into the World Trade Organization (WTO) will help to strengthen trade ties and boost mutual investment of the two countries.
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Yang Jiechi, Chinese Ambassador to the United States, said on Wednesday that China's entry into the World Trade Organization (WTO) will have positive and significant influence on the development of Sino-U.S. economic and trade cooperation.
Yang made the remarks in a speech delivered at the Saint Joseth 'es University in Pennsylvania.
He said that both Chinese President Jiang Zemin and U.S. President George W. Bush stressed Monday in their phone call that the two sides will work hard on the promotion of Sino-U.S. economic and trade cooperation and the further development of bilateral relationship. (Full Story)
He said that China's accession to the WTO will benefit both China and the United States, giving a fresh impetus to boost trade and economic cooperation as China and the United States are major trade partners with their economies complementing each other.
Yang said that the principle of the non-conditional most- favored-nation treatment of the WTO will be applicable to trade between the two nations, which would mean the removal of an artificial political obstacle that stands in the way of bilateral trade relationship.
The Chinese Ambassador also noted that the appropriate measures that will be taken by the two countries will be beneficial to the increase of bilateral trade and mutual investment and to the establishment of an economic and trade administrative regime that conforms to the common international rules and their own conditions.
Besides, China's accession to the WTO will offer chances for the two sides to exchange views on boosting multilateral trade cooperation.
The United States is China's second largest trade partner during the ten month this year, according to latest figure provided by the General Administration of Customs.
Total, US$60.077 billion, up 9. 9 per cent; Exports, US$40.306 billion, up 4.8 per cent; Imports, US$19.770 billion, up 21.9 per cent.
Top Ten Trade Partners Between Jan. and Sep. |
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