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People's Daily Online>>Foreign Affairs

China unlikely to join WTO agreement: official

By Ding Qingfen (China Daily)

08:28, March 21, 2012

An official from the Ministry of Commerce said there is little chance that China will join the World Trade Organization's government procurement agreement this year.(China Daily/Hu Qingming)

China will probably not take part in an international agreement on government procurement this year because of increased standards set by developed nations, said an official from the Ministry of Finance.

Meanwhile, China needs to rectify some of its domestic regulations before it can join the agreement, which is meant to ensure that countries allow foreign businesses to compete for government purchase deals, said Suo Bicheng, director of the Department of World Trade Organization Affairs with the ministry.

Developed nations always raise the standards that participants in the WTO's government procurement agreement are to meet, he said.

"A lot of problems need to be resolved before China can join the pact," Suo added. "We see little chance of there being success in the short term, or even say this year."

His remarks came at a time when the European Union is expected to introduce a new version of its government procurement agreement on Wednesday. According to reports, the proposed version would bar companies in certain countries, including China, from taking part in the EU's pact while urging them to further allow European companies to compete for government business.

China joined the WTO in 2001, but the country didn't immediately take part in the organization's government procurement agreement. Its first attempt at doing so came in 2007 and was rejected by some of the agreement participants.

In July 2010, China submitted a new offer. Various developed countries and regions, led by the United States and the EU, praised the country's revamped proposal, yet said China could not join without making further concessions.

The US and the EU have called on China many times to allow more foreign companies to compete for its government business.

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Todd at 2012-03-21108.37.19.*
This takes the cake. Governments buying foreign instead of from their own.
Jason W. Smith, Ph.D. at 2012-03-2168.97.0.*
China may wish to rethink its involvement with WTO. History is moving very fast and what was a good idea last year may no longer be a good idea. China has become not only the center of the world socialist stage (The ABC"s of Communism, Bolshevism 2012 www.amazon.com kindle books) but the only major country that is making capitalism work for the masses. The yuan may soon have to be the new convertible currency and there will be all kinds of new ramifications within weeks and months let alone this year. Good luck.
  

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