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| Shi Guangsheng on China's Entry Into WTO |
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SUN, NOV 11, 2001
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China, after its accession into the World Trade Organization (WTO), will abide by the WTO rules and honor its commitments, Shi Guangsheng, the Chinese minister offoreign trade and economic cooperation, said in Doha on Saturday.
China will enjoy its rights, and maintain consistency for equal and mutually beneficial economic and trade relations with countries and regions in the world, said Shi, also head of the Chinese delegation at the ministerial conference, following the adoption of the Decision on China's Accession to the WTO.
Shi said: "After 15 years of difficult negotiations, we finally came to this historical moment." He expressed gratitude to all sides who have been devoted to China's entry into the WTO over the past 15 years.
He said the WTO accession and its full participation in the multilateral trading system are strategic decisions made by the Chinese leaders under accelerated economic globalization. "China has made long-standing and unremitting efforts for resuming its GATT Contracting Party status and for acceding to the WTO, which fully demonstrates the resolve and confidence of China to deepen its reform and to open further to the outside world," he noted.
Shi said the WTO entry would benefit the interests of both China and all WTO members, and would also be conducive to the development of the multilateral trading system. It is expected to exert a widespread and far-reaching impact on the Chinese economy and the world economy.
He said China would play an active and constructive role in the multilateral trading system and make positive contributions to the progress of the world economy and trade together with other WTO members.
Since it participated in the Uruguay Round Negotiations for the first time in September 1986, China has witnessed the historical transformation of the multilateral trading system from GATT to the WTO while carrying out its opening up and reform policies accompanied by the process of applying for the WTO entry, Shi said.
He said China had realized that various countries in the world could better share the benefits of economic globalization under the framework of a multilateral trading system. It was vital for acountry to avoid its disadvantages while fully playing its advantages by establishing an economic and trade regime in line with international practices and the specific situation of the country.
Meanwhile, he said, only by constantly adapting itself to the development and changes of the world economy and by fully reflecting the interests and requirements of all parties including developing countries, could the multilateral trading system maintain its vigor and vitality.
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