WTO head says China has delivered an A+ performance

Date:2011-10-18lixiang  Text Size:

Although China has not yet achieved 100 percent perfection, it has delivered an "A+ performance" since entering the World Trade Organization, WTO Director-General Pascal Lamy said Tuesday in a speech in southwest China.

"In the past 10 years, overall, China has applied the rules, although not 100 percent," Lamy told an audience at Sichuan University.

This year marks the 10th anniversary of China entering the WTO. Lamy said China's entry into the trade bloc has benefited not only China, but the entire world.

"The result is a win-win situation where China has received a lot from international trade and other WTO members have also got a lot from the opening of China," Lamy said.

Lamy was in Chengdu, capital of Sichuan Province, to attend the 12th Western China International Fair, where he is expected to deliver a speech at a global trade seminar.

Lamy's comments echoed Chinese Premier Wen Jiabao's remarks in an address to the Canton Fair on Friday, saying that China entering the WTO has benefited both China and the world.

Wen said China's accession to the WTO has had a "huge and far-reaching impact" on China as the country's economy received a great boost in development and its overall competitiveness improved.

"China's WTO accession has also brought tangible benefits to many countries around the world," Wen told the Forum on the 10th Anniversary of China's Accession to the WTO, which was held on the sidelines of the 110th Canton Fair that was being held in Guangzhou, capital of south Guangdong Province.

During the past ten years, China has imported an annual average of 750 billion U.S. dollars worth of goods and created more than 14 million jobs for its trading partners, Wen said.

In the meantime, Chinese enterprises operating overseas employed nearly 800,000 people locally and paid over 10 billion U.S. dollars in taxes every year, Wen said.

"The WTO hopes the world will be aware of what exactly world trade is today. It is very important to make world trade more friendly," Lamy said.
 

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