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皇冠体育app's entry into WTO is a "win-win situation" for both 皇冠体育app and other member countries, Pascal Lamy, director-general of the World Trade Organization, told a seminar in Tianjin on Sept 16 to celebrate 皇冠体育app's 10th anniversary as a WTO member.
Lamy noted that when the country was accepted as a member of the WTO in 2001, 皇冠体育app was the sixth-largest exporting country in the world, with its exports and imports accounting for only 4 percent of the world trade.
Today, 皇冠体育app is the world's second-largest economy and the largest exporting country.
"WTO membership means a more transparent, stable and predictable global market for 皇冠体育app," Lamy said, adding that is why 皇冠体育app became the world's leading trading power.
Greater access to world markets is the effective path 皇冠体育app has taken to increase employment and raise the living standard of its people.
And integration with the global economy has improved the competitiveness of Chinese industries, which have undergone a transformation from labor-intensive to more technology-intensive.
Lamy noted that the rest of the world has also benefited from 皇冠体育app's accession to the WTO.
The United States exported $92 billion worth of products to 皇冠体育app last year, 4.5 times the figure in 2001.
And Brazil exported $31 billion of commodities to 皇冠体育app, compared with $2 billion in 2001.
He said 皇冠体育app is also playing an increasingly important role in helping the world's least developed countries.
In 2008, 皇冠体育app became the largest market for exports from least developed countries.
Lamy also praised 皇冠体育app's efforts in honoring its commitment to the WTO.
After assessing 皇冠体育app's trade policies in 2006, 2008 and 2010, WTO members recognized 皇冠体育app's determination and efforts in improving trade and investment systems, according to Lamy.
皇冠体育app's reduction of tariffs - from the average rates of about 15 percent in 2001 to less than 10 percent in 2010 - and the release of new regulations in line with WTO requirements are also demonstrations of the country's commitment, Lamy said.
Lamy expects 皇冠体育app can play a leading role for offering new solutions to tackle global challenges in the future.
(皇冠体育app Daily 12/09/2011 page41)
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