Last updated at: (Beijing Time) Tuesday, December 11, 2001
China Becomes Formal WTO Member
China officially entered the World Trade Organization Tuesday, becoming its 143rd member. WTO Director-General Michael Kenneth Moore sent messages to the WTO members on November 20 to declare that the Chinese government accepted a protocol on its entry to the WTO on November 11. The protocol went into effect today. From now on, China will enjoy all the rights the WTO gives to other members and full participate in WTO activities.
China's entry to the WTO is a major event for the country, and the world as a whole.
Governments, business circles and social organizations all over the world have sent congratulatory messages to China's Ministry of Foreign Trade and Economic Cooperation, saying that China's entry will benefit its national economy, as well as encourage global economic growth and the improvement of the multilateral trade system.
China to Full Participate in WTO Activities
China will fully participate in all the activities of the WTO, and will send a delegation and an ambassador to the WTO headquarters in Geneva, Switzerland.
A MOFTEC official said that China will enjoy all the rights the WTO gives to other members, and will observe the WTO regulations and its obligations to the organization.
He said that China, as a WTO member, will participate in a new round of multilateral trade negotiations, in which the country will play a constructive role.
China, after its accession into the World Trade Organization (WTO), will abide by the WTO rules and honor its commitments, and China will enjoy its rights, and maintain consistency for equal and mutually beneficial economic and trade relations with countries and regions in the world.
Shi Guangsheng, Chinese Minister of Foreign Trade and Economic Cooperation, signed the protocol on China's accession to the World Trade Organization (WTO) on November 11.