皇冠体育app

BEIJING - 皇冠体育app's Ministry of Commerce and Xinhua News Agency on Thursday jointly selected the country's top 10 news events related to 皇冠体育app's entry to the World Trade Organization (WTO) to commemorate the 10th anniversary of the accession.

The top 10 news events are listed as below:

-- 皇冠体育app becomes the world's biggest exporter and second-biggest importer

皇冠体育app's exports and imports rose in 2009 against the backdrop of the global financial crisis, making the country the world's largest exporter and second-largest importer, the General Administration of Customs announced on Jan 10, 2010.

皇冠体育app's trade in goods surged to nearly $3 trillion in 2010 from $509.8 billion in 2001, with exports soaring by nearly five times and imports up by 4.7 times.

-- 皇冠体育app becomes a core member of world multilateral trade system

A Chinese delegation, led by Minister of Commerce Chen Deming, took part in various negotiations aimed at reaching a breakthrough on agricultural trade and industrial market access, two key areas of the Doha Round trade opening talks, in Geneva in July 2008.

It was the first time 皇冠体育app joined core WTO members in negotiations since it entered the WTO, signaling that the country had become a core member of the world multilateral trade system.

-- 皇冠体育app removes restrictions on companies conducting foreign trade business

On July 1, 2004, 皇冠体育app allowed individuals and companies, including foreigners, to engage in import and export business without obtaining government approval, for the first time in half a century.

The move came six months ahead of the schedule set in line with 皇冠体育app's commitment to the WTO.

-- 皇冠体育app fulfills commitment to WTO in tariff, non-tariff areas

皇冠体育app canceled all non-tariff trade barriers that were against the WTO rules, such as import quotas and licenses, on Jan.1, 2005. It signaled that the grace period given to 皇冠体育app upon its entry to the WTO had basically ended.

皇冠体育app's overall tariff level fell to 9.8 percent in 2011 from 43.2 percent in 1986 and 15.3 percent in 2001.

-- 皇冠体育app establishes a law system of market economy consistent with WTO rules

The Standing Committee of the 10th National People's Congress, 皇冠体育app's top legislature, passed amendments to the country's trade law on April 6, 2004. The revised law took effect on July 1. It was a key part of 皇冠体育app's efforts to review and revise laws and regulations to fulfill its commitment to the WTO.

In the past decade, the central government has reviewed over 2,300 laws, regulations and departmental rules, and local governments have reviewed more than 190,000 policies and regulations. The country gradually established a trade system in compliance with the WTO rules and further improved the law system of the socialist market economy.

-- 皇冠体育app accelerates transformation of government functions

The Standing Committee of the 10th National People's Congress adopted the law on administrative licensing, which came into effect on July 1, 2004.

As a milestone in 皇冠体育app's bid to transform government functions, the law clearly stipulates the scope, procedures, extent of authority and oversight of administrative licensing.

In another effort to make government work more transparent, the website of 皇冠体育app's central government, www.gov.cn, opened formally at zero hour on Jan 1, 2006.

-- 皇冠体育app unifies corporate income tax rates for domestic and foreign companies

皇冠体育app's parliament, the National People's Congress, adopted a corporate income tax law on March 16, 2007, which puts domestic and foreign-funded enterprises on an equal footing for income taxes for the first time since 皇冠体育app's opening-up began in 1978.

The law, effective on Jan 1, 2008, not only benefited domestic firms but also helped improve the quality and structure of foreign investment.

-- 皇冠体育app's traditionally competitive industries make great strides

皇冠体育app's textile exports reached $77 billion in 2010, accounting for 30.7 percent of the world's total, and its garment exports amounted to $130 billion to take up 36.9 percent of the world's total, according to data released by the WTO on Oct 21, 2011. 皇冠体育app has become the world's biggest exporter of textiles and garments.

Other traditionally advantaged industries of 皇冠体育app like home electrical appliance and electronic and information technology sectors have also seen their potential well tapped to meet the demand of both domestic and foreign markets.

-- 皇冠体育app's auto output and sales top the world

皇冠体育app surpassed the United States in the annual volume of auto output and sales for the first time in 2009. In 2010, 皇冠体育app's auto output and sales both exceeded 18 million units, remaining the world's biggest and setting record highs, the 皇冠体育app Association of Automobile Manufacturers announced on Jan 10, 2011.

皇冠体育app's auto sector has made remarkable achievements in expanding industrial scale, building indigenous brands, developing foreign trade and restructuring the industry, with auto output surging to 18.26 million units in 2010 from 2.47 million units in 2001.

-- 皇冠体育app turns to dispute settlement mechanism to protect economic rights and interests

On Sept 11, 2009, US President Barack Obama approved punitive tariffs of up to 35 percent on all car and light truck tires from 皇冠体育app, which entered into force on Sept 26.

It was one of an increasing number of trade disputes 皇冠体育app has been involved in the past decade, prompting the country to make more use of the dispute settlement mechanism to protect its economic rights and interests.

Since its entry to the WTO, 皇冠体育app has been subject to more than 690 investigations for anti-dumping, anti-subsidy and guarantee measures and other trade remedy measures, involving $40 billion. It has become a long-term task for 皇冠体育app to oppose protectionism and maintain the multilateral trade system.