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The eBearing News
November 12, 2001


World Trade Organization Approves
China's Membership
copyright © 2001 eBearing Inc.

The World Trade Organization's All-member Ministerial Conference meeting in Doha, Qatar, has approved China's membership into the organization.

The approval was expected; however, many members have been publicly questioning if China's shaky and provincial legal and business infrastructure is truly up to the task. Supporting fair and equitable trade as a WTO member is seen as near-impossible in the country of 1.3 billion people accustomed to provincial protectiveness.

Long Yongtu, China's chief trade negotiator, said, "China's market is open to the outside. As long as the market is open to the outside, the more economic growth we have and the better for the world."

The U.S. has been a strong supporter of China's WTO membership, going so far as to agree to help oversee trade disputes and help Chinese authorities police their internal markets for openness and stopping widespread local protectionism.

U.S. Trade Representative Robert Zoellick said, "I believe that as the century unfolds and people look back on this day, they will conclude that in admitting China to the WTO we took a decisive step in shaping a global economic and commercial system."

• click here to read more about China, the WTO and the bearing industry

• click here for the March 2001 article about China's joint venture restrictions

• click here for the September 2001 article about
China's WTO membership application being accepted


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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.


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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.