February 6, Fineko/abc.az. The Chinese side strongly opposes the U.S. report on the violation of China's obligations within the framework of World Trade Organization in 2018.
The Ministry of Commerce of China posted this statement on its official website on Wednesday.
"The Chinese side has carefully studied the report of the U.S. on the implementation of China's obligations within the WTO in 2018. Like last time, the document is based on US domestic law and not on multilateral WTO rules and agreements. Substantial part of the criticism of the Chinese side goes beyond the obligations undertaken by China when joining the Organization, and has no legal and factual grounds. China strongly opposes such a report," the statement says.
The published statement says that "after joining the WTO, China properly fulfilled its obligations to improve the legal system of the market economy, increased the level of transparency of trade policy, contributed to the opening of markets for goods and services, improved constantly the legal system for protection of intellectual property rights".
"In 2018, China provided information on the policy of central and local subsidies and data on support for the agricultural sector of the country in 2011-16, increasing the degree of openness and transparency. As part of the 7th review of China's trade policy within the WTO in 2018, the overwhelming majority of members of the Organization gave positive assessment and praised China's contribution to the multilateral trading system," the Ministry said in the statement.
In 2018, the Chinese government, according to the Ministry, published a White Paper on the relations between China and the WTO, which acquainted thoroughly with the practical implementation of commitments on joining the WTO, as well as outlined Chinese side’s further actions to increase the level of openness.
The article says that "China firmly adheres to the multilateral trading system, takes an active part in the WTO reform, strongly opposes the policy of unilateral actions and protectionism, and stimulates economic globalization to more open, tolerant, inclusive, mutually beneficial, balanced development."
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