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."