Trucks manufactured for export are lined up at a cargo port in Yantai in eastern China’s Shandong province on July 30. Trade as a percentage of China’s GDP peaked in 2006 at around 64 per cent, but has now fallen back to about 34 per cent. Photo: AP
Opinion
Opinion
Inside Out
As China marks 20 years of accession to the WTO, what of the trade body’s vitality and relevance?
- China becoming a member of the WTO transformed the country into a significant force at the heart of the global economic system
- However, with momentum behind the Doha Round of negotiations fading, so too has the WTO’s capacity to tackle 21st century trade policy challenges
Trucks manufactured for export are lined up at a cargo port in Yantai in eastern China’s Shandong province on July 30. Trade as a percentage of China’s GDP peaked in 2006 at around 64 per cent, but has now fallen back to about 34 per cent. Photo: AP
