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"One Treaty, Two Members"

"One Treaty, Two Members" I. INTRODUCTION Although people both inside and outside China may still debate the issues as to whether China should be or is ready to join the World Trade Organization (WTO),' it appears to be a bygone conclusion that China wants to subscribe to the free trade system set forth therein. Upon completion of trade negotiations with the United States in November 1999 and with the EU in May 2000, China seems to be well on its way to becoming a Member of this international trade organization after almost fifteen years of relentless pursuit. The approval of permanent normal trade relations with China by the United States in October 2000 also partially cleared the way under U.S. domestic laws for the two countries to be governed by the same WTO trade rules as Members of that organization.2 A. The World Trade Organization The WTO grew out of several years of trade negotiations known as the Uruguay Round among the Members of the General Agreement on Tariffs and Trade (GATT) that were held between 1986 and 1993. The negotiations led to an international agreement establishing in 1995, among other things, an international organization regulating international trade. Under the umbrella of http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of World Investment and Trade Brill

"One Treaty, Two Members"

Journal of World Investment and Trade , Volume 1 (2): 287 – Jan 1, 2000

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Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1660-7112
eISSN
2211-9000
DOI
10.1163/221190000X00096
Publisher site
See Article on Publisher Site

Abstract

I. INTRODUCTION Although people both inside and outside China may still debate the issues as to whether China should be or is ready to join the World Trade Organization (WTO),' it appears to be a bygone conclusion that China wants to subscribe to the free trade system set forth therein. Upon completion of trade negotiations with the United States in November 1999 and with the EU in May 2000, China seems to be well on its way to becoming a Member of this international trade organization after almost fifteen years of relentless pursuit. The approval of permanent normal trade relations with China by the United States in October 2000 also partially cleared the way under U.S. domestic laws for the two countries to be governed by the same WTO trade rules as Members of that organization.2 A. The World Trade Organization The WTO grew out of several years of trade negotiations known as the Uruguay Round among the Members of the General Agreement on Tariffs and Trade (GATT) that were held between 1986 and 1993. The negotiations led to an international agreement establishing in 1995, among other things, an international organization regulating international trade. Under the umbrella of

Journal

Journal of World Investment and TradeBrill

Published: Jan 1, 2000

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