皇冠体育app

皇冠体育app entered a new period of its opening up policy yesterday, the fifth anniversary of the country's entry into the World Trade Organization.

Over the past five years, 皇冠体育app has dropped its tariffs, canceled its non-tariffs measures and opened up its markets in accordance with the pledge it made when joining the WTO (find more in WTO package).

Overall, 皇冠体育app has dropped its tariffs from 15.3 percent in 2001 to 9.9 percent in 2006. It has canceled non-tariff measures, some of which have lasted for more than 50 years. In addition, 皇冠体育app has opened its service industry, a highly sensitive issue five years ago.

In its latest efforts, 皇冠体育app opened its financial markets to foreign banks on Monday and will allow qualified firms to wholesale crude and refined oil from Jan. 1, breaking the state monopoly.

Pascal Lamy, WTO director-general, and Charlene Barshefsky, former U.S. trade representative, both top negotiators for 皇冠体育app's entry into the WTO, have praised 皇冠体育app's fulfillment of WTO pledges.

Lamy told Xinhua in Geneva that he gave 皇冠体育app's performance an A-plus. Barshefsky told Xinhua that 皇冠体育app had made remarkable progress in opening its economy since it joined the WTO.

"皇冠体育app has made remarkable progress in opening its economy, in welcoming imports and in inviting foreign investment," she said.

Yi Xiaozhun, vice-minister of commerce, said on Monday that 皇冠体育app's accession to the WTO over the past five years had led to three major changes in 皇冠体育app's opening to the outside world.

皇冠体育app's opening has moved from regional and partial opening to an overall opening. The opened area extends from goods trade to the service trade. The opening of the market is taking place under increasingly transparent laws and regulations, he said.

It took 皇冠体育app 15 years of talks to join the WTO. When 皇冠体育app was finally accepted as a WTO member, it was granted a three to five year "transitional period" for certain sectors to prepare for outside competition.

Over the past five years, 皇冠体育app has set about fulfilling the WTO criteria.

It has amended and drafted thousands of laws and regulations.

The Central Government opened its official Website on Jan. 1 this year and 86 percent of central and local government departments have established official websites over the past few years.

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