China and the Long March to Global Trade: The Accession of China to the World Trade Organization

By Sylvia Ostry; Alan S. Alexandroff et al. | Go to book overview

12

A transitional review mechanism

Has an effective multilateral mechanism been created?

Alan S. Alexandroff

Creating a multilateral monitoring system

Buried in the Protocol of Accession is the Transitional Review Mechanism (TRM). The debate that took place over its creation seldom if ever became noticeably public. It was in contemporary parlance a debate that took place “below the radar screen.” Yet significant consequences may well follow as a result of the debate and now the creation of such a multilateral monitoring system found in the Protocol of Accession. The debate and final structure reflect the ambivalence of all sides regarding China's entry into the WTO. Fundamental questions over constraints to national sovereignty, the inclusion of China in the multilateral trading regime, the level of marketization for member countries and the oversight by member countries with obligations agreed to by entering countries were raised and ultimately resolved. The TRM reveals how current member countries see the organization of the world economy.

In the end the member countries of the WTO (Members) put a TRM in place that reflects a multilateral trading system that is still more reflective of the system before the Uruguay Round as opposed to after. The consequences of the failure to match the oversight and review to changes required of a China in transition to a more market-driven economy will be known only in the medium term. The guessing in the short term is that this TRM will be unable to maintain the drive for reform in China or encourage China to meet its obligations under the Protocol of Accession. If so, then the multilateral system's monitoring limitations may well encourage Members to re-establish oversight and monitoring in national capitals, including Washington, DC. 1 Such a reversion would be unwelcome in many quarters and would signal a weakening of the multilateral trading system. 2


The issues over China accession

The debate over how China could, or could not, meet its WTO obligations took place in universities, think tanks, national capitals and in the permanent missions of WTO Members in Geneva. It formed a backdrop to this longest protocol of accession negotiation. The issues raised formed critical concerns for the GATT Contracting Parties (CPs) (then member countries or Members), the organization of

-211-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
China and the Long March to Global Trade: The Accession of China to the World Trade Organization
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 239

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.