It helps China to take part in the formulation of new rules of international trade,protecting China’s rights and interests and raising China’s international status.
Of course,in joining the WTO,China will have to take up some duties,this will surely bring certain pressure and challenge to us.
Firstly,further opening the market will cause some domestic products,enterprises and industries to face stronger competition.
Secondly,China’s foreign economic and trade management will,to a certain extent,be restricted by the WTO rules.
In looking at the advantages and disadvantages of China’s joining the WTO,we cannot base ourselves on one or several industries,instead we should keep an eye on the development of the entire economy.Looking upon the matter from the entire industry,entry into the WTO will bring to China’s industries greater opportunities than its side effects.Most Chinese industries will gain more opportunities for development.
To ordinary people,entry into the WTO means cheaper foreign goods.At present,some imported goods are very expensive because our country collects very nigh taxes on them.After entry into the WTO,these taxes will be cut down gradually so that it will force down the prices of imported goods coming into China.Home customers will benefit greatly.But it is not wise to hope that all foreign goods will become cheap overnight.In fact,according to the WTO agreement,there is a period of time during which some important but underdeveloped industries are protected so that they will not be destroyed by the rush of cheaper foreign goods.The car industry is a good example.It is believed that during the first few years after China’s entry into the WTO,the prices of cars will remain comparatively stable (稳定).
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