Chinese Lawmakers Support Efforts to Enter WTOTop Chinese legislators, who are in Beijing attending the 15th session of the Standing Committee of the National People's Congress (NPC), have voiced their support in the government's efforts to enter the World Trade Organization (WTO).At the panel discussions, top lawmakers including Li Peng, chairman of the NPC Standing Committee, deliberated the report on the progress of China's bid for entry into the WTO, which was delivered on May 25 by Shi Guangsheng, minister of foreign trade and economic cooperation on behalf of the State Council. The speakers fully confirmed and supported the government's efforts over the past more than 13 years for resuming the status as a founding nation of the General Agreement on Tariffs and Trade and joining the WTO. Last November's signing of the Sino-US agreement on China's entry into the WTO was of great importance to China's early accession to the WTO and promoting economic and trade development throughout the world. China's entry will make the WTO the world's largest multilateral organization and boost global trade and the establishment and improvement of a new world trade system. The top lawmakers reached a consensus that being underdeveloped, China could only join the WTO with the status of a developing nation. China must adhere to the principle of maintaining balance between rights and duties and follow the principle of opening up the market gradually to safeguard China's economic security and state sovereignty. China's entry into the WTO will also benefit the country's reforms, economic development and the promotion of economic and trade relations with foreign countries and regions. |
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