One hundred years after its adoption, China's Open Door policy is bearing fruit: China has concluded expansive market access agreements with its major trading partners that have paved the way for its becoming a Member of the World Trading Community. As a necessary cost of the WTO accession, China has made remarkable commitments, particularly in relation to its current trade practice. These commitments raise the question of whether China will be able to surpass the formidable barriers of implementation in order to become an honourable Member of the World Trading Community. In an effort to provide some answers in this regard, this article examines the process of China's WTO accession process, and the positive links between China's internal reform and its external economic integration. The focus of the analysis is on measuring the gap between China's commitments for WTO membership and its current practice. The article further assesses the factors that affect the implementation of China's commitments, i.e. its law concerning international agreements, the inherent domestic constraints, and the outside monitoring. The analysis allows the tentative conclusion that the internal drive for openness evidenced in recent practice, and the outside monitoring assisted with persuasion will outweigh the negative historical context.
Journal Article. 0 words.
Subjects: Financial Law ; Public International Law ; Economics
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