Tag archives: accession

PARIS -- All economies have benefited from China's accession to the World Trade Organization, Pascal Lamy, a former WTO director-general, told French daily Le Monde recently. "This entry has boosted global economic growth," Lamy, who served as head of the WTO from 2005 to 2013, said in the interview published on Dec 10. "China modernized its economy through the import of capital goods and technologies, while consumers around the world benefited from China's low price goods," he said. "In general, all world economies have benefited from it," Lamy said. Speaking of the future of the WTO, Lamy criticized the United

Multinational corporations touted China's contributions to the global economy since the country's accession to the World Trade Organization two decades ago, calling it a signature move and a milestone for China's opening-up. China officially joined the WTO on Dec 11, 2001, becoming the 143rd member of the trade body. Business executives said they believe China's WTO membership has essentially created opportunities, unified rules, spurred growth and hence boosted confidence. US conglomerate Honeywell has witnessed China becoming the company's second-largest single market, recording the largest growth rate since its WTO entry. In fact, the company's business agenda has found synergies with