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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Beijing, February 19 (Xinhua) — China recently submitted a document to the World Trade Organization (WTO) outlining its position on reforming the WTO under the current circumstances, the Ministry of Commerce said on Thursday.
This is the first policy paper submitted by China to the WTO since the launch of the necessary WTO reform process in June 2022, which comprehensively and systematically sets out China's position on WTO reform, the ministry's official said.
He also noted that China had taken the lead in pushing for needed WTO reforms by publishing a position paper in 2018 and submitting a proposal paper in 2019.
In response to the serious challenges and development needs currently facing the multilateral trading system, China submitted a new position paper to the WTO that comprehensively takes into account its own demands and the concerns of other members.
The position paper, based on multilateralism, development-focused and future-oriented, systematically sets out China's general principles and proposals for reforming the WTO under the current circumstances.
On multilateralism, it clearly articulates China's support for inclusive economic globalization and its active position in defending the multilateral trading system, while emphasizing the importance of further advancing WTO reform in the current environment.
The document emphasizes that development should be placed at the center of the reform agenda, helping developing member countries seize growth opportunities in areas such as the digital economy, green transformation and artificial intelligence.
It also emphasizes the need to discuss government measures that have a distorting effect on international trade, respect the differences in the economic systems of participating countries and their stages of development, strive for consensus on issues of fair competition and create international trade conditions that are more consistent with the needs of industrial development, the official said. -0-
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