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Part II Bilateral and Regional Trade Agreements, Ch.13 Trade and Investment Liberalization: The Case of China

Henry Gao

From: The Oxford Handbook of International Trade Law (2e) (2nd Edition)

Edited By: Daniel Bethlehem, Donald McRae, Rodney Neufeld, Isabelle Van Damme

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 19 June 2024

The article starts by tracing China’s long and storied history with the GATT and WTO, highlighting challenges posed by China’s unique economic system and the key commitments designed to alleviate these problems. The next parts discuss China’s role in the Doha Round, as well as its efforts to build its own network of trade agreements and arrangements, including not only traditional free trade agreements, but also the Belt and Road Initiative, and free trade zones. This is followed by a comprehensive and in-depth analysis of the main issues in the current discussions on WTO reform, a process that started at the last WTO Ministerial Conference held in December 2017. In particular, the paper examines in detail the efforts by some major players to turn it into a so-called ‘China Round’, and China’s reactions. The paper concludes with a review of the failed attempt of the United States to address some of these issues through the US-China trade war and suggests that multilateral negotiation is the best way forward.

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