China makes headway on WTO application

25 July 1997

China makes headway on WTO application

China has made some progress in its ten year quest to join the World
Trade Organisation.

Although it has still declined to make a comprehensive offer to open
its markets to industrial and farm goods, it is making a revised offer
which is being considered. It has previously said it would reduce import
tariffs from 23% to 15%. Chinas trading partners are pushing for further
reductions in tariff and non-tariff obstacles to industrial and farm
trade as the price for Chinese WTO entry next year.

China was expected to have made an offer by the August 1 meeting of
the WTO.

  • Financial Times 25/07/97 page 4

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