USTR reports on China's compliance with WTO obligations
21 Dec '06
3 min read
Since China entered the World Trade Organization on December 11, 2001, exports of U.S. goods to China have grown by 190 percent and China has gone from being the United States' fifteenth to fourth largest export market.
At the same time, report to Congress highlights a number of areas of concern about the level of China's implementation of its WTO commitments in areas such as intellectual property rights, industrial policies, trading rights, services, transparency, and agriculture.
In 2007, the report notes, the Administration will continue to seek improvements in these areas on two tracks. The Administration will continue to work cooperatively and pragmatically with China on WTO implementation issues in bilateral forums such as the Joint Commission on Commerce and Trade (JCCT).
The Administration also will work on strengthening commitment to the WTO's underlying economic principles through the newly created Strategic Economic Dialogue.
When these efforts do not achieve desired results, however, the Administration will not hesitate to use the range of tools available, including WTO dispute settlement procedures and the application of U.S. trade laws, to ensure China's compliance with international trade commitments and norms.
marketing@alchempro.com
