CHINA WTO

BY KEITH NUTHALLCHINA should formally become a member of the World Trade Organisation by March 2002, a move that will make it subject to the rights and obligations of the Agreement on Textiles and Clothing. The accession follows 15 years of negotiations, and was approved by a formal meeting of the WTO's China working party.The deal means that China should scrap its quotas on knitted clothing and textile imports by December 31, 2004. However, there will be a safeguard mechanism in place until the end of 2008, allowing WTO member governments to take action to curb ...


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