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WTO Concludes China's Seventh Trade Policy Review
Jul 16, 2018

   July 13, the World Trade Organization after the conclusion of China's seventh trade Policy review issued a meeting of the Chairman of the summary report said that the WTO members praised China's contribution to global economic growth in recent years, "the general appreciation of China's active role in the WTO." 

    

    The Vice Minister of commerce of China, who participated in the review, Shouwen, deputy representative of international trade negotiations, told reporters at the end of the review that WTO members had given full recognition to China's economic development and trade policy direction in the past two years, and that China had conscientiously fulfilled its membership obligations and brought opportunities and benefits to other members, China's reform and opening-up has not stalled.

    

      At the same time, they highly appreciate China's contribution to the multilateral trading system and sincerely thank China for its assistance to developing countries and least developed countries. Hong Xiaodong, director of the Trade Department of the Ministry of Commerce, told reporters at the end of the review that during the deliberations, the head of the Chinese delegation, Shouwen, proposed to defend the basic principles and core values of the WTO and oppose trade bullying, protectionism and unilateralism, "which was recognized and supported by many members at the meeting.


He said that many members believed that if there were disputes, they should first seek to resolve them through the WTO mechanism rather than by taking unilateral measures.


Trade Policy Review is one of the 3 major functions of WTO, which is tied to negotiation and dispute resolution, which aims at promoting the issue and expressing concern among members on trade policy, and is an important mechanism for members to understand each other's direction of economic and trade policy and the implementation of commitments.


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