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China continues to promote world trade

Editor: Li Kun 丨CCTV.com

09-10-2015 15:52 BJT

By Liu Heguang  deputy director of Foreign Agricultural Economy and Trade Institute of Chinese Academy of Agricultural Sciences

China, the world's second biggest economy with the world's largest population, has become the 16th member to accept the Trade Facilitation Agreement of the WTO (World Trade Organization) recently.

In order to promote world trade facilitation, China has pushed for negotiations to accelerate its implementation. Initiated in October 2004, negotiations have progressed very slowly with an agreement formally approved at the Bali ministerial conference in December 2013.

However, the agreement has not taken effect as scheduled on July 31, 2014, because India has insisted on resolving food safety problems. In November 2014, the United States and India have agreed on trade facilitation and then the WTO General Council passed the agreement and launched it into acceptance procedures.

The agreement can come into effect if two thirds of members accept it. This is the first multilateral trade treaty endorsed by the WTO.

China remains positive about negotiations. Beijing had participated in the making of eight proposals including: trade regulations, risk management, follow-up inspections, priority areas, technology aids, capacity building and more, putting forward plans to help the Doha Round equitable development go into effect.

China submitted the implementation plan on June 30, 2014. The Chinese government believes the trade deal will lower costs and drive global economic growth. As the first developing country to accept the agreement, China has played an exemplary role.

China has carried out policy reforms for free trade zones in Shanghai, east China, Tianjin, north China, Guangdong and Fujian, south China. In a bid to clear trade barriers and create convenient customs procedures, Beijing has boosted modernization of the port management system nationwide, which demonstrates China’s sincere efforts to promote world trade. 

 

 

( The opinions expressed here do not necessarily reflect the opinions of Panview or CCTV.com. )

 

 

Panview offers a new window of understanding the world as well as China through the views, opinions, and analysis of experts. We also welcome outside submissions, so feel free to send in your own editorials to "globalopinion@vip.cntv.cn" for consideration.

Panview offers an alternative angle on China and the rest of the world through the analyses and opinions of experts. We also welcome outside submissions, so feel free to send in your own editorials to "globalopinion@vip.cntv.cn" for consideration.

 

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