China'S Foreign Trade White Paper: WTO Commitments Have Been Fulfilled

The Information Office of the State Council for the first time on China's external affairs in December 7th

According to the white paper data, China's imports and exports have jumped from 20 billion 600 million US dollars in 1978 to 29740 billion in 2010.

According to the white paper, after China's accession to the WTO, China has concentrated on more than 2300 laws, regulations and departmental rules, and has abolished or amended the WTO rules and China's commitments to join WTO.

The newly revised laws and regulations reduce and standardize the administrative licensing procedures, and establish and improve the legal system of trade promotion and trade remedy.

According to the WTO Agreement on trade related aspects of intellectual property rights, China has revised the relevant laws and regulations and judicial interpretations related to intellectual property rights, and basically formed a complete system of protection of intellectual property laws and regulations in line with China's national conditions and international practice.

In terms of tariff reduction, the total tariff level of China's imports decreased from 15.3% in 2001 to 9.8% in 2010, of which the average agricultural product tax rate dropped to 15.2%, and the industrial product average tax rate dropped to 8.9%.

The tariff constraint rate has been maintained at 100% since 2005.

In terms of foreign trade management rights, according to the newly revised People's Republic of China foreign trade law of 2004, since July 2004, the Chinese government has changed the examination and approval system to the registration system for foreign trade, and all foreign trade operators can engage in foreign trade according to law.

In 2010, the import and export of state-owned enterprises, foreign-funded enterprises and private enterprises accounted for 20.9%, 53.8% and 25.3% of China's imports and exports respectively.

To expand the opening of the service market, China has provided overseas service providers with wide market access opportunities including finance, telecommunications, construction, distribution, logistics, tourism and education.

The white paper pointed out that in the 160 branches of WTO's service trade classification, China has opened 100, which is close to the average level of developed countries.

In the press conference of the white paper, Chong Quan, deputy representative of the international trade negotiations of the Ministry of Commerce, said that China's contribution to the world economy over the ten years after joining the WTO exceeded that of the United States.

He quoted the world bank data that in 2002-2010 years, China's share in world GDP continued to increase. China's contribution to world GDP increment was 4.6% in 2003, and increased to 14.5% in 2009, making it the second largest economy and the largest contributor in the world.

"With the global trade falling by 12.9%, China's import value still exceeds US $1 trillion, making it the second largest importer in the world, and has made an important contribution to the global economic recovery."