But more to the point, as a member of the WTO China currently enjoys lower trade barriers with the U.S. than it would otherwise.
It started its WTO practice soon after China joined the WTO in 2001 and is currently working on the "steel pipes" case against the U.S., in the first WTO dispute launched by China to reach the expert panel stage.
WTO, China would have access to mechanisms to sort out multilateral disputes.
Others are not so lucky: upon joining the WTO, China agreed to allow foreign firms to compete to offer booking systems to local airlines, but according to the European Chamber it has not yet produced the necessary regulations.
The year before China joined the WTO, the United States and China each produced about 100 million tons of crude steel.
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To the extent that unions and domestic industries want to continue to use the CVD law against imports from China and not violate U.S. WTO obligations, granting China a market economy designation solves the impasse.
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Long Yongtu, who helped China win admission to the WTO, recently said that China is now moving further away from the organisation's principles.
The economic aspects of the U.S.-China WTO accord are hard to argue against.
The phase out is written into the WTO rules and China and India would not agree to a delay.
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As part of its WTO agreement, China now circulates draft laws and regulations for 30 days to collect comments.
With WTO membership, China will make significant cuts in its tariffs, thus opening its markets to the products and investment of America and other countries.
In the circumstances that have unfolded since the White House reached its WTO agreement with China, the answer to this question has to be no.
The latest salvo was fired on June 23rd by America and the European Union, which complained to the World Trade Organisation (WTO) about China's restrictions on the exports of nine minerals, including bauxite, coke, magnesium and manganese.
This strategic momentum has carried into 2012, as the recent WTO agreement with China, highlighting IMAX, should enhance programming flexibility in our biggest international market, and we have also made early progress toward igniting network growth in Latin America and Europe.
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As part of its WTO accession agreement in 2001, China agreed to allow the United States and other WTO members to treat it differently indeed, discriminatorily on several matters for a number of years after it joined the WTO.
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Both China and WTO members will need to show more flexibility in future.
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Foreign Ministry spokesman Zhu Bangzao said Thursday the bombing had cast a cloud over the WTO talks, but China still wanted to join.
"The China-WTO agreement is good for the United States, " effused Clinton.
In its WTO accession agreement, China also committed to simplify and streamline the approval process for wireless communications equipment into a single process but has not yet done so.
Since then, and especially since the surge that followed its accession to the WTO in 2001, China's economic clout has grown as fast or faster in its own region as anywhere.
The country has come under intense international pressure in recent years, with the US, EU and Mexico filing complaints with the WTO, arguing that China's price-inflating restrictions violate international trade agreements.
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As for the WTO itself, bringing China in would not only open up what is potentially the world's biggest consumer market, but it would also ensure that China does not stand aloof from the trading rules that govern commerce in the globalized new century.
The truth is that if China entered the WTO under the stricter terms, its people would benefit, not suffer.
After joining the WTO in late 2001, China set up a nationwide court system for dealing with intellectual property right issues.
It has also joined forces with America and Japan to take China to the WTO over restrictions on exports of rare-earth minerals.
The previous week the United Steelworkers union asked the administration to sue China in the WTO over subsidies of its renewable-energy industry.
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And China's WTO entry is unlikely to reduce the number of regulations.
Without these, problems could get worse after China joins the WTO.
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Foreign brands remained dominant at the time of China's WTO entry.
The deal under which China joined the WTO was at least as good as any the US has negotiated itself, according to both the US administration and Congress.
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