China and the World Trade Organization

Chinese participation in the WTO / From Wikipedia, the free encyclopedia

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China became a member of the World Trade Organization (WTO) on 11 December 2001,[1] after the agreement of the Ministerial Conference.[2] The admission of China to the WTO was preceded by a lengthy process of negotiations and required significant changes to the Chinese economy. China's membership in the WTO has been contentious, with substantial economic and political effects on other countries (some times referred to as the China shock), and controversies over the mismatch between the WTO framework and China's economic model.[3][4] Assessing and enforcing compliance has become issues in China-US trade relations,[5] including how China's noncompliance creates benefits for its own economy.[6]