Latest News:  
Beijing   Sunny/Cloudy    13 / 1 ℃  City Forecast


Benefits of China's joining the WTO dwindling

By He Wei  (China Daily)

14:32, December 19, 2012

The initial advantages China gained from joining the World Trade Organization in 2001 are dwindling, trade experts warned on Tuesday.

Speaking at the Eighth Forum on Industrial International Competitiveness in Shanghai, experts called for further market reforms from China and the rest of the world to prevent trade frictions.

The primary benefits that China received have been eclipsed, said William Barringer, international trade director and senior partner at Curtis Mallet-Prevost Colt & Mosle LLP.

"By joining the WTO, the basic benefits are the lowering of tariffs, supported by the most favored nation treatment, and national treatment, among others," Barringer said.

As a result, China's WTO accession greatly boosted its trade volumes, notably in the textile, metals and machinery sectors.

For example, he said, textile and apparel manufacturers took full advantage of the elimination of quantitative restrictions on exports after 2005, with the sector growing 220 percent between 2001 and 2007.

The level playing field of lower tariffs allowed China to develop global competitiveness in numerous high-tech products, but while these drivers still exist, they have less momentum given the size of the trade volume, Barringer said.

【1】 【2】 【3】

We recommend:

'Boeing Dreamliner riddled with errors

HK tops China City Competitiveness Ranking

China to open world's longest high-speed railway

10th China Int'l Automobile Exhibition concludes

Harbin-Dalian high-speed railway starts operation

New wave of communication tools

Alibaba's 2012 transaction volume hits 1 trln yuan

China's savings rate world's highest

IPhone 5 goes on sale in China


Leave your comment0 comments

  1. Name


Selections for you

  1. PLA marines in armed parachute training

  2. Chinese navy ships visit Sydney, Australia

  3. Ban Ki-moon moves to UN headquarters

  4. Sex case leads to warnings about apps

  5. Attentions to 'left-behind children'

  6. Large cities see home prices rise

  7. China launches TCM resource center

  8. People walk in snow in Qingdao

Most Popular


  1. Lifting US' veil of 'peace defender'
  2. Be wary of 'peepers' in mobile phones
  3. Only local players represent future of CBA
  4. Abe 'must change' to build ties
  5. Gloomy markets defy expected growth
  6. Don't let Chinese characters be a world heritage
  7. Behind annual Chinese Writers Rich List
  8. China firms 'don't communicate enough'
  9. Who can free Chinese couples from baby tangle?
  10. No easy path in sight for China's economic future

What’s happening in China

Sex case leads to warnings about apps on smartphones

  1. China temperatures to plunge
  2. China fulfills annual employment targets early
  3. Experts warn against social conflicts in China
  4. Laws imperative to curb Internet irregularities
  5. Urban residents feel high economic pressure