USTR reports on China's compliance with WTO obligations
21 Dec '06
3 min read
Susan C. Schwab
U.S. Trade Representative Susan C. Schwab presented to Congress a statutorily mandated annual report on China's compliance with its World Trade Organization obligations.
The report describes broad progress made to date by China in implementing reforms, but also highlights the need for additional action in important areas such as intellectual property rights enforcement and the elimination of government policies that hinder market access for U.S.
“The United States and China have both benefited greatly from our growing trade relationship, and China's participation in the rules-based international trading system has aided China greatly as it transforms itself into a modern commercial power."
"China has taken many important steps to implement its WTO obligations, but on the fifth anniversary of its World Trade Organization (WTO) membership, China's overall record is decidedly mixed,” said Ambassador Schwab.
“Chinese reforms have lowered systemic trade barriers to many goods and services from the United States and other WTO members and have begun to strengthen the rule of law in economic matters.”
“At the same time, certain industries face frustrating barriers to doing business in China, and there are worrisome signs that China's market liberalization efforts have slowed in the last year."
"With five years of WTO membership experience under its belt, we believe it is fair to expect China to be implementing the letter and spirit of its WTO obligations in full. This would benefit both of our countries and strengthen the global trading system.”
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