男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

WTO members seek to tackle global economic challenges

By ZHONG NAN | China Daily | Updated: 2018-12-19 06:49
Share
Share - WeChat

Official calls for coordination with trading partners to safeguard world economy

The World Trade Organization (WTO) headquarters are pictured in Geneva, Switzerland, July 26, 2018. [Photo/Agencies]

China is looking forward to working with all members of the World Trade Organization, including the United S

ates, to help the global body meet the challenges of economic globalization, said a Chinese senior trade official.

Zhang Xiangchen, China's ambassador to the WTO, said on Monday in Geneva that through consultations on the basis of equality, reform can update the WTO and make it responsive to the expectations of the global business community.

At a WTO review of US trade policies, held every two years, Zhang said all countries need to address challenges of economic globalization, and both China and the US need to do so.

"The right way is not to erect trade barriers, but rather to create domestic initiatives to help those most affected adjust and strengthen consultation and coordination with trading partners to cultivate a stable international environment for all," he stressed.

The US underwent on Monday the first session of its 14th WTO Trade Policy Review. It will be continued on Wednesday.

Zhang believes that the WTO also has issues to address. If the roof of this building is leaking, its members should work together to fix it, rather than dismantling it and exposing all of them to rain and storms, he said.

China, along with the European Union and a number of members, put forward a joint proposal recently for the reform of the WTO Appellate Body. Officials said they hope that the US will constructively engage in this discussion.

Zhang added that members have also shared their thoughts about the overall reform of the WTO, and in this regard, China has proposed its principles and suggestions. They include giving priority to resolving issues that threaten the future of the WTO and enhancing the role of multilateralism in boosting global trade liberalization and facilitation.

China is not urging the reform for its own good, said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies. Its proposals come as global cooperation under the WTO, which took decades to crystallize, faces many threats, he said.

Xue said there are embedded risks from dangers such as major economic decline, job losses, currency inflation and stunted growth in many countries, especially small and developing economies. These would hit the world's poorest the hardest.

The EU also warned on Monday at the WTO that the multilateral trading system is in "a deep crisis".

Marc Vanheukelen, EU ambassador to the organization, said he regrets that protectionist "rhetoric has turned into reality", adding that "the repercussions of tariffs and other restrictions are being felt at the heart of this organization, and more generally in global growth prospects".

The WTO has over 160 members representing 98 percent of global trade. More than 20 countries are seeking to join. At its heart are agreements negotiated and signed by the bulk of the world's trading nations and ratified in their legislative bodies. The goal is to ensure that trade flows as smoothly, predictably and freely as possible.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 三穗县| 蒙自县| 林周县| 正镶白旗| 时尚| 沙洋县| 汾西县| 招远市| 沐川县| 万州区| 正定县| 阆中市| 武川县| 启东市| 文成县| 佛教| 兰坪| 宜阳县| 涞水县| 巢湖市| 喀什市| 靖宇县| 嘉祥县| 宜城市| 诸城市| 合水县| 叶城县| 安福县| 沐川县| 松阳县| 龙岩市| 都兰县| 娄烦县| 富源县| 枞阳县| 巴彦淖尔市| 古蔺县| 阳高县| 巴中市| 宁乡县| 汪清县|