Economy

China submits its first comprehensive and systematic policy document on WTO reform stance

2026-02-19   

On the 19th, the reporter learned from the Ministry of Commerce that China recently submitted the "China's Position Paper on WTO Reform under the Current Situation" to the World Trade Organization. This is the first comprehensive and systematic policy document submitted by China to the WTO since the launch of the WTO reform process, which elaborates on the WTO reform position. The head of the World Trade Department of the Ministry of Commerce introduced that the necessary reform process of the World Trade Organization will be launched in June 2022. Faced with the impact of unilateral tariff measures on the global economic and trade order, and the abuse of decision-making mechanisms by some members to obstruct multilateral negotiations, WTO members will launch deep level reform consultations in the second half of 2025. China was the first to propose necessary reforms to the World Trade Organization and released the "China Position Paper on WTO Reform" in 2018. In 2019, it submitted the "China Proposal on WTO Reform" to the WTO. In response to the severe challenges and development needs faced by the current multilateral trading system, China has submitted a position paper to the World Trade Organization, fully considering its own demands and the concerns of other members. The position paper is based on multilateralism, focuses on development, and faces the future. It systematically elaborates on China's overall principles and action suggestions for the reform of the World Trade Organization under the current situation. In terms of multilateralism, the position paper elaborates on China's positive attitude towards supporting inclusive economic globalization and maintaining the multilateral trading system, and emphasizes the importance of further promoting WTO reform under the current situation. In terms of focusing on development, the position paper points out that development should be placed at the center of the reform agenda, helping developing members seize growth opportunities such as digital economy, green transformation, and artificial intelligence. As for the future, the position paper emphasizes the need to discuss government measures that distort international trade, respect the different economic systems and development stages of members, strive to seek consensus on fair competition, and create an international trade rule environment that is more in line with the needs of industrial development. (New Society)

Edit:luoyu Responsible editor:Wang Xiaojing

Source:XinhuaNet

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