Skip to Main Navigation

China and the world trading system (English)

The World Trade Organization has been until recently an effective framework for cooperation because it has continually adapted to changing economic realities. The current Doha Agenda is an aberration because it does not reflect one of the largest shifts in the international economic and trading system: the rise of China. Although China will have a stake in maintaining trade openness, an initiative that builds on but redefines the Doha Agenda would anchor China more fully in the multilateral trading system. Such an initiative would have two pillars. The first is a new negotiating agenda that would include the major issues of interest to China and its trading partners, and thus unleash the powerful reciprocal liberalization mechanism that has driven the World Trade Organization process to previous successes. The second is new restraints on bilateralism and regionalism that would help preserve incentives for maintaining the current broadly non-discriminatory trading order.

Details

  • Author

    Mattoo, Aaditya Subramanian, Arvind

  • Document Date

    2011/12/01

  • Document Type

    Policy Research Working Paper

  • Report Number

    WPS5897

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    China,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2011/12/01

  • Disclosure Status

    Disclosed

  • Doc Name

    China and the world trading system

  • Keywords

    protection of intellectual property right;full membership;multilateral trading system;participation in decision making;preferential agreement in services;preferential access to markets;International Trade in Services;share of world trade;Technical Barriers to Trade;Natural Resources;undervalued exchange rate;multilateral trade negotiation;Exchange rate policies;exchange rate policy;intellectual property rights;Exchange Rates;raw material;trade policy instrument;terms of trade;dispute settlement proceeding;Capital Adequacy Ratio;government procurement agreement;measures affecting trade;free trade agreement;share of import;world war i;Growth and Trade;agricultural market access;lack of communication;product safety standards;exercising market power;current account surplus;concentration of supply;land and water;public procurement market;development research group;minimum working capital;exhaustible natural resource;trade in goods;market economy status;fixed exchange rate;minimum capital requirement;industrial country;privileged access;trading partner;contingent protection;export restrictions;foreign bank;total trade;trade balance;currency policy;manufacturing sector;export duties;discriminatory effect;open trade;trade deficit;trade imbalance;effective frameworks;export quota;trading order;domestic producer;foreign participation;regulatory discretion;financial system;global trade;preferential trade;iron ore;multilateral negotiation;soya bean;trade concession;gravity model;foreign competition;reserve currency;discriminatory access;Trade Policies;Reserve currencies;negotiating agenda;industrial good;Industrial Goods;Political Economy;applied tariff;european integration;market opening;export subsidies;export subsidy;high tariff;conservative assumption;finance minister;economics research;uruguay round;weak enforcement;preferential margin;external trade;goods trade;reciprocal trade;preferential terms;political problem;negligible amount;oil price;foreign market;political imperative;international economics;appeal procedure;import share;political power;fundamental changes;foreign ownership;Green Room;international cooperation;copper ore;antidumping action;capital control;recipient countries;national policy;accession commitment;Energy Sector;trade war;imported parts;import surge;federal reserve;comparative advantage;trade regime;manufactured goods;liberalizing commitments;international rule;international market;open access;bilateral trade;development policy;precious metal;preferential arrangement;man-made fibers;high share;commercial presence;value added;Financial Stability;binding commitment;oil producer;world market;multilateral system;communist countries;political scientist;domestic reform;military conflict;nondiscriminatory basis;trade measure;import market;secure access;investment protection;negative value;deep integration;quantitative restriction;qualification requirement;domestic production;export market;retaliatory measures;export interest;trade partner;multilateral disciplines;open system;accurate information;protectionist pressure;public contract;exporting country;increased export;food price;international reserve;national prestige;competition policy;export success;discriminatory tariff;import tariff;protectionist measure;technology product;international integration;telecommunications service;discriminatory arrangements;global economy;license requirement;binding constraint;total consumption;income elasticity;vertical foreclosure;economic convergence;economic relation;technological leadership;transport cost;creating incentives;trips agreement;chromium ore;financial crisis;postwar period;protectionist policy;exclusive access;small country;

Downloads

COMPLETE REPORT

Official version of document (may contain signatures, etc)

  • Official PDF
  • TXT*
  • Total Downloads** :
  • Download Stats
  • *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Mattoo, Aaditya Subramanian, Arvind

China and the world trading system (English). Policy Research working paper ; no. WPS 5897 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/361291468017383870/China-and-the-world-trading-system