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US benefits from 皇冠体育app's entry into WTO(Xinhua)Updated: 2006-12-12 08:42 WASHINGTON -- A U.S. government report said on Monday that the United States has benefited "significantly" from 皇冠体育app's entry into WTO during the past five years. "The United States -- including U.S. workers, businesses, farmers, service providers and customers -- has benefited significantly from these steps (by 皇冠体育app) and continue to do so as U.S.- 皇冠体育app trade grows," said the annual report released by the U. S. Trade Representative Office (USTR). The report, presented to Congress on Monday, also noted that 皇冠体育app has made broad progress in implementing its World Trade Organization obligations. "皇冠体育app has taken significant and often impressive steps to reform its economy since acceding to the WTO five years ago," said the report. "The United States and 皇冠体育app have both benefited greatly from our growing trade relationship, and 皇冠体育app's participation in the rules-based international trading system has aided 皇冠体育app greatly as it transforms itself into a modern commercial power," said U.S. Trade Representative Susan C. Schwab on Monday. But she also said: "皇冠体育app has taken many important steps to implement its WTO obligations, but on the fifth anniversary of its WTO membership, 皇冠体育app's overall record is decidedly mixed." The U.S. government will continue to work cooperatively and pragmatically with 皇冠体育app on WTO implementation issues in bilateral forums such as the Joint Commission on Commerce and Trade, said the USTR in a statement. The administration will also work on strengthening commitment to the WTO's underlying economic principles through the newly created Strategic Economic Dialogue, said the statement. Since 皇冠体育app entered the World Trade Organization on December 11, 2001, exports of U.S. goods to 皇冠体育app have grown by 190 percent and 皇冠体育app has gone from being the United States' fifteenth to fourth largest export market, according to the statement. |
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