A Message from the US Trade Representative
Kirk, Ron, The China Business Review
Ten years ago, China acceded to the World Trade Organization (WTO), achieving this success because of economic reformers within the Chinese government and key trading partners such as the United States. Since then, China has taken many impressive steps to reform its economy and has risen to become a top global trader.
In the initial years after joining the WTO, China implemented a set of sweeping WTO accession commitments, including reducing tariffs, eliminating nontariff barriers that denied national treatment and market access for goods and services imported from the United States and other WTO members, and making legal improvements in intellectual property protection and in transparency. These actions helped lift hundreds of millions of Chinese out of poverty and deepened Chinas integration into the international trading system, facilitating and strengthening China s rule of law and economic reform. Trade also expanded dramatically between China and its many trading partners. In 2001, China was our ninth-largest export market, but by 2010, China had become our third-largest export destination behind Canada and Mexico, and a significant source of US jobs and growth for US exporters.
A decade later, the United States is working to build on our strong relationship with China and our solid track record of frank, productive, results-oriented dialogue. Today, we face many serious challenges stemming from Chinas slowed market liberalization and deferred structural reform - precisely when Chinas own economic transition requires those processes to be accelerated. Problems often seem to stem from Chinas pursuit of industrial policies that rely on trade-distorting government intervention intended to promote Chinas domestic industries, particularly ones dominated by stateowned enterprises. …