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Geneva, July 16 (Reporter Chen Binjie) The World Trade Organization’s side event on China’s trade policy review was held in Geneva, Switzerland on the 16th. The theme of the event is to understand China’s economic and trade policies from the central and local government levels, and aims to help WTO members understand China’s economic and trade policies.
Experts and scholars from the China Academy of Macroeconomics, University of International Business and Economics, Wuhan University, Southwest University of Political Science and Law, and representatives of foreign-funded enterprises in China introduced the policies, measures and practical experiences adopted by China to achieve high-quality development and high-level opening up at the meeting, and interacted with more than 100 participants from the WTO Secretariat, WTO members, international organizations and news media.
In response to WTO members ‘concerns about China’s macroeconomic and domestic reform measures, experts attending the meeting objectively analyzed China’s macroeconomic performance and prospects, and elaborated in depth on China’s introduction in developing new productive forces, building a unified national market, and promoting the development and growth of the private economy. New measures. In order to introduce in depth China’s local practice of further expanding opening up, experts and business representatives attending the meeting introduced in detail the opening up measures adopted by the national comprehensive pilot demonstration of expanding opening up of the service industry based on specific cases and the achievements made in optimizing the business environment and facilitating foreign-funded enterprises to operate in China. Achievements. Officials of the WTO Secretariat and representatives of WTO members expressed great interest in the topics introduced at the meeting, and still had heated discussions with experts at the meeting site after the meeting.
This side event is the first time that China has held such an event on the eve of the trade policy review. Li Chenggang, China’s Permanent Representative to the WTO, said in his speech that China’s hosting of supporting side events on the eve of the review is a specific motion to implement the WTO reform on strengthening the trade policy review mechanism. Trade policy review is not only an important way for the WTO to supervise trade policies and enhance the transparency of member policies, but also an important platform for enhancing understanding and building trust, which is crucial to the effective operation of the WTO.
In his speech, Alexander Keck, Director of the Trade Policy Review Department of the WTO Secretariat, highly praised China’s positive and open attitude in the preparations for this trade policy review, fully affirmed that China’s hosting of side events will help WTO members gain a deeper understanding of China’s economic and trade policies, increase trust and dispel doubts. It praised China as the first WTO member to actively implement the results of the reform of the trade policy review mechanism. It has played an important role in promoting WTO members to participate in trade policy reviews and in-depth interactive exchanges.
Trade policy review is one of the three major functions of the WTO alongside rule negotiation and dispute resolution. Members raise questions and express concerns about trade policies to each other. It is an important transparency mechanism for members to understand each other’s direction of economic and trade policies and the implementation of commitments. According to the review rules, the top four members in the world in terms of trade volume are reviewed every two years.