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China to Enter WTO on November 10: Long Yongtu
Chinese chief WTO negotiator and vice-minister of Foreign Trade and Economic Co-operation Long Yongtu said lately that China would formally join WTO on November 10. That is, in a week the 15-year efforts by Chinese people will be put to an end satisfactorily.
Our delegation in Geneva had received news from WTO headquarters that China's membership would be passed on November 10, and all legal documents will be signed by Chinese representatives the next day, says Long. After that, the Chinese government would publish all its promises made.
There is no longer any suspense for China's WTO entry, Long notes. On September 17 all documents on China's membership was passed and, according to WTO rules, governments and parliaments should no longer cast any negative notes since their representatives had examined and passed relevant legal documents. Besides, WTO rules allow no new negotiations once legal documents were passed. So we can say China's long march toward WTO membership will soon be finally ended.
Long also commented on the impact brought by China's WTO entry, saying that surely WTO brings more advantages than disadvantages, but that must be achieved through efforts.
One of the major changes after WTO is the legal environment under which China's economy is run. Not that law is solely made to regulate enterprises, but enterprises have rights to supervise government. These laws put our medium- and small-sized enterprises in an equal position with other enterprises in learning relevant state laws and regulations. They can get to know, at the same hour on the same day, the newest law made in our nation.
By PD Online Staff Li Heng
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