WTO to review China's trade policy every 2 years (Xinhua) Updated: 2004-10-28 09:32
The World Trade Organization (WTO) said Wednesday that China's trade policy
will be reviewed every two years.
"Trade policy reviews of the world's four largest traders are done in every
two years, and China is now No. 4," a senior WTO official told reporters at the
organization's headquarters.
Trade policy review is a monitoring mechanism that the WTO usesto ensure
transparency of its members' trade policies and practices.
As a new member of the WTO, China has not been examined under this mechanism.
The WTO official disclosed that the first review of China's trade policy would
be done in April 2006.
According to WTO rules, traders numbered 5 to 20 are reviewed every four
years. Canada, which is the former fourth and now fifthlargest trader, has
slipped into this category.
The remaining countries are reviewed every six years, with the possibility of
a longer interim period for the least-developed countries.
