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China's
Accession to the WTO
After 15 years of
protracted negotiations, China has eventually joined the WTO as the 143rd
member on 11 December 2001. Being a WTO member, China enjoys the Most
Favoured Nation (MFN) treatment accorded by all WTO member economies in
the international trade of goods and services. It also has the right to
take part in the new round of multilateral trade negotiations and to resort
to the WTO framework for resolution of trade disputes with other WTO members.
The broad market opening commitments of China together with its rights
and obligations as provided under the WTO agreements will contribute to
a more liberal, transparent and predictable trading and investment environment
in China as well as enriched business opportunities for the region.
To assist the trade
in making the best of China's WTO accession, TID has published a pamphlet
providing a handy summary of the major implications of the accession for
Hong Kong's key business sectors and a special
supplement setting out a detailed comparison of the existing business
environment in the Mainland and the future market access conditions. Full
set of the accession documents (with WTO document symbol WT/ACC/CHN/49)
is also available in the WTO's
online document database.
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