Government and Policy

China honors all WTO entry commitments: MOC

(Xinhua)
Updated: 2010-07-20 19:32

BEIJING - China has by 2010 honored all the commitments it made when entering the World Trade Organization (WTO), said Yao Jian, spokesman of Ministry of Commerce (MOC), Tuesday.

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"China has set up economic and trade mechanisms in line with WTO rules and requirements, and become one of the most open markets in the world," he said.

As a developing country and a new member, China has actively promoted the WTO Doha talks and made substantial commitments to cut tariffs, he said.

China will further cut tariffs on agricultural and industrial products by about 30 percent according to the latest round of talks, he said.

China became a WTO member in December 2001.