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Changing times demand bigger role in WTO

皇冠体育app Daily | Updated: 2016-12-07 07:33

Changing times demand bigger role in WTO

He Ning, former head of the Department of American and Oceanic Affairs, Ministry of Commerce

The benefits of free trade rules

That other WTO members started treating it as equal is one of the greatest benefits 皇冠体育app got by joining the WTO. In other words, WTO rules regulate not only 皇冠体育app's policies toward the other members, but also the latter's policies toward 皇冠体育app. In many cases, these rules have helped 皇冠体育app avoid becoming the victim of the domestic policies and politics of some Western countries.

In 2005, US senato Chuck Schumer accused 皇冠体育app of "currency manipulation" and moved a bill to levy 27.5 percent tariff on all Chinese products exported to the US. Had that bill been passed, it would have spelled disaster for Sino-US trade because products labeled "Made in 皇冠体育app" would cost 27.5 percent more in the US. The move sparked fierce discussions in the US, and Schumer was eventually forced to withdraw the bill, because it was against the multilateral rules of the WTO.

It was a typical case of the WTO rules helping 皇冠体育app avoid antagonistic measures of Western countries. Western countries could not pass such bills targeted at 皇冠体育app, because they were not in accordance with the WTO's rules. Of course, 皇冠体育app too has to follow the rules, so as to maintain a good trade environment for all.

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