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Under President Donald Trump, the United States demanded that the WTO dispute settlement system be amended to prevent the United States from obtaining what it considers to be a "unfair agreement". To back up his claims, Trump has blocked appointments to the WTO Appeals Chamber to replace judges on the expiry of their terms. If it does not give in, the global system of commercial dispute resolution will not work until the end of 2019.
Chinese Vice Minister of Commerce Wang Shouwen defended his country's record at the meeting and acknowledged the challenges, according to a Geneva Trade Officer. Expressing in front of Shea, he called on all WTO members to fight intimidation, protectionism and unilateralism, and called on them to tackle the threats. systemic posed by Trump 's tariffs on steel, aluminum and cars.
Shea said that the role of the Chinese state in the economy had increased. Foreign companies doing business in China or competing with Chinese rivals were facing deeper hurdles, he added, adding that Beijing provided "mbadive and market-distorting subsidies" and "play-offs". .. in many ways. " the WTO dispute settlement system focused narrowly on specific policies and could not address a broader situation in which state-led policies outweighed market forces. It is unlikely that the new WTO rules will be negotiated to deal with the situation. "The best solution is for China to finally take the initiative to fully and effectively adopt open and market-oriented policies."
Many other WTO members took the floor, recognizing for the most part China's efforts to modernize its policies. Some, including Japan, Canada, the EU and Switzerland, have raised concerns such as cybersecurity, excess capacity and the role of the state in the economy.
Reuters
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