Examining China's Integration into the World Trade Organization (WTO): Effects, Obligations, and Lessons
Abstract
Abstract Views: 77
The current study offers a detailed examination of China's involvement in the General Agreement on Tariffs and Trade (GATT) and its subsequent acceptance into the World Trade Organization (WTO). While China was an original member of GATT in 1948, political unrest led to its withdrawal from the global trade system in 1949. China later expressed interest in rejoining the organization in 1986, which resulted in the creation of a GATT Accession Working Party tasked with assessing China's rights and responsibilities. China made significant pledges to enact structural and functional changes to open up its markets to foreign competitors and enhance its trade practices, which led to its admission into the WTO in 2001. However, there have been debates and criticisms regarding China's compliance with its WTO obligations. This paper examines the commitments that China fulfilled on the road to becoming a member of the WTO and the structural and functional changes it underwent. The study also delves into the process of screening and how China advocated its position to become a member of the WTO. Additionally, the paper analyzes the impact of China's inclusion in the WTO on other developing and developed countries. Overall, this study provides a comprehensive and insightful analysis of China's association with GATT and its admission into the WTO, highlighting its impact and challenges for the global community. It serves as a valuable resource for policymakers, academics, and anyone interested in understanding the complexities of international trade and China's role in the global economy.
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Copyright (c) 2022 Abdullah Ghafoor, Sardar Omer Hassan Khan, Mehreen Siyyab Abbasi
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