Committee
G20 (ENG - Intermediary)
Country
China

Author

Liran Gabay
Israel

Cite as https://mymun.com/ppdb/18929

 

Country: China

Committee: G20

First Topic: Reforming WTO

China became a member of the World Trade Organization (WTO) on 11 December 2001. The admission of China to the WTO was preceded by lengthy process of negotiations and required significant changes to the Chinese economy. It signified China's deeper integration into the world economy. At a time when the world economy is undergoing profound changes and the multilateral trading system is severely undermined by rising unilateralism and protectionism, China supports necessary reform of the WTO, in order to enhance its authority and efficacy, to build an open world economy, and to pursue a community with a shared future for mankind. The process shall be inclusive and open to all Members, especially the developing ones. The reform cannot be dictated by a few, nor decided by an exclusive small group of Members.

 

The five suggestions are as follows:

 

Firstly, the WTO reform should uphold the primacy of the multilateral trading system. Some members are trying to introduce “new concepts” or “new terminologies” into the reform agenda that could undermine the authority of the multilateral trading system in a disguised way. China is firmly opposed to these attempts. The WTO reform should reinforce the centrality of the multilateral trading system in international trade liberalization and facilitation.

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