2023-09-28

On the afternoon of September 27th, the Politburo of the Central Committee of the Communist Party of China held its eighth collective study on the rules of the World Trade Organization and the reform of the World Trade Organization. The necessary reform of the World Trade Organization is a universal consensus and trend. We need to have a deep understanding of the importance and urgency of participating in the reform of the World Trade Organization from the perspective of better coordinating domestic and international situations, as well as development and security. With a more active historical responsibility and creative spirit, we should fully participate in the reform of the World Trade Organization and the adjustment of international economic and trade rules, and promote deep level reform and high-quality development through high-level opening up to the outside world. Gu Xueming, Dean and Researcher of the Research Institute of the Ministry of Commerce, explained this issue and proposed work suggestions. Comrades from the Central Political Bureau listened attentively to the explanation and held discussions. He pointed out that joining the World Trade Organization is a milestone in China's opening up to the outside world. In just over 20 years, China's total trade in goods has increased by 11 times, becoming the world's largest trading country in goods and a major trading partner for over 140 countries and regions. Its annual contribution to global economic growth is nearly 30%. The relationship between China and the World Trade Organization has undergone historic changes, gradually growing from a passive recipient of international economic and trade rules to an important participant. The fact shows that China's accession to the World Trade Organization not only accelerates its own development, but also benefits the world. This major decision is completely correct. We must firmly stand on the correct side of history, adhere to the overall direction of economic globalization, stand firm in advocating free trade and true multilateralism, oppose unilateralism and protectionism, oppose politicization, weaponization, and pan security of economic and trade issues, and promote the construction of an open world economy. We must uphold the concept of a community with a shared future for mankind and improve and refine China's plan for comprehensive and in-depth participation in the reform of the World Trade Organization. Resolutely safeguard the legitimate rights and interests of developing countries, including China. This year marks the 45th anniversary of reform and opening up. We must continue to do a good job in our own reform, expanding the door to opening up and stabilizing the path of reform. We need to be more proactive in aligning with high standard international economic and trade rules, steadily expand institutional openness in terms of rules, regulations, management, and standards, accelerate the construction of new highlands for opening up to the outside world, build a new high-level open economy system, and accelerate the construction of a new development pattern. We should actively create a market-oriented, legalized, and internationalized first-class business environment, taking the opportunity of promoting accession to the Comprehensive and Progressive Trans-Pacific Partnership Agreement and the Digital Economy Partnership Agreement, further stimulating import potential, relaxing market access, promoting deep development of multilateral and bilateral cooperation, and enhancing the attractiveness of foreign investment. We need to accelerate the construction of a trade powerhouse, upgrade trade in goods, and innovate trade in services,

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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