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China became a member of the World Trade Organization (WTO) on 11 December 2001, [1] after the agreement of the Ministerial Conference. [2] The admission was preceded by a lengthy process of negotiations and required significant changes to the Chinese economy.
The requirement of an annual waiver was inconsistent with the rules of the World Trade Organization, and for the PRC to join the WTO, Congressional action was needed to grant permanent normal trade relations (PNTR) to China. [12] This was accomplished in 2000 with the United States–China Relations Act of 2000, allowing China to join WTO in 2001.
The original members of the World Trade Organization are the parties to the General Agreement on Tariffs and Trade (GATT) after ratifying the Uruguay Round Agreements, [1] and the European Communities. They obtained this status at the entry into force on 1 January 1995 or upon their date of ratification.
China's accession to WTO was preceded by a series of lengthy negotiations and discussion on significant required adjustments in the Chinese economy, which was an imperative for membership to be admitted. After Congress granted China the most favored nation status in 1980, the level of traded goods and products between two countries intensified ...
GENEVA (Reuters) -China has initiated dispute settlement proceedings against the United States at the World Trade Organization (WTO) to safeguard its interests in the electric vehicle industry ...
After its entry into the World Trade Organization (WTO) in 2001, China began pursuing export-led growth and became a key link in global supply chains. [4]: 235–236 China formed the policy-based insurer Sinosure to support the exports and overseas business of domestic companies.
BEIJING (Reuters) -China said on Friday it had requested talks with Canada at the World Trade Organization on tariffs Ottawa has imposed on its electric vehicles as well as steel and aluminum ...
BERLIN (Reuters) -A World Trade Organization panel on Tuesday recommended that Australia bring its measures to conform with its obligations under the GATT 1996 and the Anti-Dumping Agreement in a ...