Home » Pelosi: Granting WTO membership to the CCP, the world puts transactions above ideals

Pelosi: Granting WTO membership to the CCP, the world puts transactions above ideals

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On November 10, 2001, China was accepted as a member of the WTO at the Fourth Ministerial Conference of the World Trade Organization (WTO) held in Doha, the capital of Qatar, and China formally joined the WTO on December 11. The Speaker of the U.S. House of Representatives, Nancy Pelosi, said on Twitter on Saturday, “As I predicted at the time, this decision is an economic failure for our workers and for our values. It is a moral failure. In this decision, the world puts trading above ideals.”

China’s “return of customs” (General Agreement on Tariffs and Trade) and WTO accession negotiations can be roughly divided into two stages. The first stage was from October 22, 1987 to the first meeting of the China Working Group of the General Agreement on Tariffs and Trade held in Geneva to determine the work schedule until October 1992. The second stage is from October 1992 to September 2001, which is the substantive stage of negotiations. The specific negotiations are divided into two parts, one is bilateral negotiations, and the other is multilateral negotiations, and the two are carried out at the same time.

After repeated contacts between the two sides, from November 10 to 15, 1999, the Chinese government delegation and the U.S. government delegation held talks in Beijing on China’s accession to the WTO. On November 15, the two sides signed a bilateral agreement between the government of the People’s Republic of China and the government of the United States of America on China’s accession to the WTO. So far, China and the United States have formally concluded their bilateral negotiations, paving the way for China’s accession to the WTO.

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Pelosi said, “Twenty years ago, by granting its membership of the World Trade Organization, the world gave the CCP a blank check to violate market promises, deceive American workers, and exploit its own workers at the same time. As I predicted at the time, This decision is an economic failure for our workers and a moral failure for our values. In this decision, the world puts transactions above ideals.”

Pelosi said, “American workers must be at the core of our trade policy. Democrats are taking action to create American jobs, promote our global competitiveness, repair supply chains and maintain the best workforce in the world, while demanding that the CCP Responsible for human rights violations and violations of trade commitments.”

Li Chenggang, China’s permanent representative to the WTO, said in an interview with Reuters recently that China will remain a developing country in the WTO, but will give up some preferential treatment for developing countries, which is a major change for its trading partners. .

Li Chenggang said that despite strong economic growth, China still considers itself a developing country due to persistent poverty, but China will seek divestiture in “some areas” such as agriculture and financial services.

Li Chenggang said, “We will not ask for special and differential treatment (SDT) blank checks. We will carefully assess our needs.” He said that China is a major player in major negotiations to reduce fisheries subsidies to promote global fish resources. Fishing countries may waive all such exemptions.

During the interview, Li Chenggang refused to disclose that according to WTO rules, when and under what conditions China will completely abandon itself as a developing country.

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WTO members, including the United States, Australia, and Japan, raised other criticisms of China in a trade assessment in October, pointing out that China provides subsidies to state-owned enterprises and that these subsidies violate China’s 2001 WTO accession conditions.

Li Chenggang emphasized that China has surpassed some WTO accession standards in terms of lowering tariff rates and opening up the service industry. He said, “We will remain open to criticism, but criticism should be reasonable and constructive.”

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