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Smooth Transition After WTO Accession Expected

China will take measures to ensure a smooth transition after it joined the World Trade Organization (WTO), said Chinese Ambassador to the WTO Sun Zhenyu.

 

"Although what we fear does not take place in the past three years, we still can not rule out the possibility of occurrence of the accidents. That is why we should not treat things lightly and need to be fully prepared," said Sun in a recent exclusive interview with Xinhua.

 

China joined the WTO on Dec. 11, 2001 after more than 15 years arduous negotiations for its membership.

 

Under the membership agreement, the WTO will give a transitional trade policy review of China's action annually for eight years and give a final report at the 10th anniversary of China's membership.

 

Sun, who is the first Chinese ambassador to the WTO, said China should continue to deepen its domestic reform in all fields, implement commitments, and make more efforts to protect intellectual property rights.

 

While complying with WTO laws and regulations, China should also fulfill the obligations to report its trade policy and rules to the world trade body, he added.

 

Sun stressed the importance of seriously dealing with trade conflicts, saying all commerce chambers and associations should organize the enterprises concerned to answer lawsuits in time.

 

As for the Doha Round talks, Sun said China will continue to actively and constructively participate in them and change the current situation in which developed countries use export allowances to support their agricultural products.

 

China will also introduce and improve regulations on anti-dumping, anti-subsidy, regional cooperation and trade facilitation, added Sun.

 

In addition to multilateral negotiations, Sun also urged speedier talks on bilateral and regional free trade, especially those with South Korea, Japan, New Zealand, Australia and Chile.

 

(Xinhua News Agency November 26, 2004)

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