What commitments did China make when it joined the WTO?

China's accession to the World Trade Organization has made four commitments, namely, reducing tariffs, reducing and eliminating non-tariff barriers, agricultural commitments and opening up the service industry. In terms of tariff concessions, China promised to reduce the average tariff level from 15% to 10% by 2005. Reducing tariffs is the need of China's reform and opening-up, a "catch-up lesson" after China's entry into the World Trade Organization, and a trend of production globalization.

With regard to reducing and eliminating non-tariff barriers, namely import quotas and licenses, China promised to eliminate all 400 import quotas by 2005. Because in 2005, all members of the World Trade Organization will cancel the import quota license, and it is appropriate for China to promise to cancel it. In agriculture, according to the Sino-US agricultural cooperation agreement reached between China and the United States, China promised to lift the export ban of TCK wheat in seven American States; Let more than 6,000 meat processing plants in the United States export to China. In the service industry, China promised to gradually open the banking, insurance, tourism and telecommunications markets.

1. The function of the World Trade Organization is to mediate disputes. Joining the WTO is not a multilateral trade agreement. It is the organizational and legal basis of the trade system, the manager of many trade agreements, the supervisor of all members' trade legislation, and the place to settle disputes and conduct trade negotiations. This institution is one of the most important international economic organizations in contemporary times, and the trade volume among its members accounts for the vast majority of the world, so it is called "Economic United Nations".

2. The predecessor of the World Trade Organization was 19471General Agreement on Tariffs and Trade signed on October 30th; 1 99565438+1October1,the World Trade Organization officially started to operate; 1 996 65438+1October1,the World Trade Organization officially replaced the provisional institutions of GATT; 200165438+February 1 1, China formally joined the World Trade Organization; On August 30th, 2003, the General Council of WTO unanimously adopted the Final Document on Implementing the Compulsory Licensing System for Patented Drugs. The goal of the WTO is to establish a complete, more dynamic and lasting multilateral trading system, including goods, services, trade-related investment and intellectual property rights, thus including all the achievements of GATT trade liberalization and Uruguay Round multilateral trade negotiations.