The process of China's accession to the World Trade Organization
Subject Areas : Politics
1 -
Keywords: China EconomyWorld Trade Organization (WTO)Pocess of WTO AccessionEconomic Liberalization,
Abstract :
By adopting an open door policy in the 1970s, China gradually became an emerging power in the international arena, increasing its economic power, and now is a major player in the political arena, challenging the interests of the great powers. The process of economic reform in China changed dramatically in the mid-1980s (before joining the World Trade Organization) and this development can be well seen in the trade performance of thiseconomy. China is now a major player in international trade, both in terms of imports and exports. Moving from the older methods of import planning to issuing import licenses and then using customs tariffs, the market mechanism and price have a special place as the most important determining factors in China's future relations with the rest of the world. In view of the above, the author of the present work seeks to answer the strategic question: what are the hidden goals of the People's Republic of China through its accession to the World Trade Organization? The hypothesis that can be posed against this question is that Meanwhile, China's accession to the World Trade Organization as part of China's economic reform process has enabled them to consolidate the benefits of the trade reform process pursued by the Chinese government in the two decades before accession and to lay the groundwork for future reforms.
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