China seeks fair Doha
By Wang Yanlin |
January 29, 2011, Saturday
|
Print Edition
Print Edition
China will push for a successful conclusion of the stalled Doha round negotiations but the pact, which aims to create a new global trade order, should be fair to developing countries, Commerce Minister Chen Deming said in Davos, Switzerland, yesterday.
"The new pact should benefit all countries, especially developing economies which require a fair treaty to guarantee their growth environment," Chen said at the World Economic Forum.
The Chinese minister admitted there were difficulties ahead in securing a successful Doha round but warned that ''there is no way out if we give up what is already achieved."
He said that despite being a developing country and only becoming a member of the World Trade Organization 10 years ago, China expects to play a constructive part and contribute to a successful Doha round that is fair to all countries.
The Doha round, named after Qatar's capital where the negotiations were launched in 2001, has been unable to secure a final deal because developed and emerging economies disagree over trade rules on agriculture and industrial goods.
Chen also acknowledged entry to the WTO helped China accelerate its economic growth and allow the world to share the country's success.
Abiding by commitments it made on becoming a WTO member, China has lowered average tariffs to 9.8 percent from 15.3 percent in 2001, and reviewed more than 3,000 rules and laws to pave the way for more open trade.
"The new pact should benefit all countries, especially developing economies which require a fair treaty to guarantee their growth environment," Chen said at the World Economic Forum.
The Chinese minister admitted there were difficulties ahead in securing a successful Doha round but warned that ''there is no way out if we give up what is already achieved."
He said that despite being a developing country and only becoming a member of the World Trade Organization 10 years ago, China expects to play a constructive part and contribute to a successful Doha round that is fair to all countries.
The Doha round, named after Qatar's capital where the negotiations were launched in 2001, has been unable to secure a final deal because developed and emerging economies disagree over trade rules on agriculture and industrial goods.
Chen also acknowledged entry to the WTO helped China accelerate its economic growth and allow the world to share the country's success.
Abiding by commitments it made on becoming a WTO member, China has lowered average tariffs to 9.8 percent from 15.3 percent in 2001, and reviewed more than 3,000 rules and laws to pave the way for more open trade.
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