A US government report said on Monday that the US has benefited
"significantly" from China's entry into WTO during the past five
years.
"The US -- including US workers, businesses, farmers, service
providers and customers -- has benefited significantly from these
steps (by China) and continue to do so as US-China trade grows,"
said the annual report released by the US Trade Representative
Office (USTR).
The report, presented to Congress on Monday, also noted that
China has made broad progress in implementing its World Trade
Organization obligations.
"China has taken significant and often impressive steps to
reform its economy since acceding to the WTO five years ago," said
the report.
"The US and China have both benefited greatly from our growing
trade relationship, and China's participation in the rules-based
international trading system has aided China greatly as it
transforms itself into a modern commercial power," said US Trade
Representative Susan C. Schwab on Monday.
But she also said: "China has taken many important steps to
implement its WTO obligations, but on the fifth anniversary of its
WTO membership, China's overall record is decidedly mixed."
The US government will continue to work cooperatively and
pragmatically with China on WTO implementation issues in bilateral
forums such as the Joint Commission on Commerce and Trade, said the
USTR in a statement.
The administration will also work on strengthening commitment to
the WTO's underlying economic principles through the newly created
Strategic Economic Dialogue, said the statement.
Since China entered the World Trade Organization on December 11,
2001, exports of US goods to China have grown by 190 percent and
China has gone from being the US' fifteenth to fourth largest
export market, according to the statement.
(Xinhua News Agency December 12, 2006)
