在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Editorials

Importance of WTO highlighted: China Daily editorial

chinadaily.com.cn | Updated: 2019-09-03 21:28
Share
Share - WeChat
[Photo/IC]

With the United States carrying out its threat to levy an additional 15 percent tariffs on the first batch of another $300 billion of Chinese goods on Sunday, the Ministry of Commerce filed a complaint with the World Trade Organization against the US on Monday for violating WTO rules.

The US has imposed punitive tariffs on Chinese goods based on an investigation under Section 301 of the US Trade Act of 1974, which empowers the US to take unilateral action against any country deemed threatening its national interests.

Back in 1998, while settling the "banana trade war" between the US and Europe, the WTO dispute settlement mechanism ruled that the use of Section 301 is a breach of WTO rules, and the US later promised to strictly abide by it. But in its trade dispute with China, the US has yet again cited Section 301 as a "legal basis" to justify its long-arm jurisdiction and trade imperialism.

That the US has long been violating WTO rules is widely known. But thanks to its administration's political chicanery, the US could also quit the WTO to avoid following established global trade rules, which for some weird reasons it believes are detrimental to its economic interests. In fact, the US president has on several occasions threatened to pull the country out of the WTO.

But that may not happen at least until the US reaches free trade agreements with the European Union and Japan, which at the moment seem unlikely given the divergences between Washington and Brussels on automobiles, steel and other products, and the differences between Washington and Tokyo on agricultural products.

By withdrawing from the WTO in a rush, the US will invite unforeseen troubles for its economy and cause an upheaval in domestic politics. Not to mention that by quitting the WTO, the US would lose a whole lot of free trade treaties and the WTO's dispute settlement mechanism, which ironically the US helped set up and has benefited tremendously from.

Like many other international organizations, the WTO too needs reform to become more efficient and to better adapt to the changing global trade landscape. But that does not mean its free trade rules and dispute settlement mechanism are outdated.

China has taken the right course of resorting to the WTO as part of its countermeasures against the US' "maximum pressure" tactics. It may take a long time to settle the case, but by approaching the WTO, China has shown its resolve to defend the multilateral trade system and a rules-based global trade order. Which highlights the WTO's importance, too, in the fight against unilateralism and protectionism.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲精品国产高清 | 国产一级片在线播放 | 最近最新中文字幕 | 久久99视频 | 亚洲一区二区精品视频 | 久久久久国产一区二区三区四区 | 日韩精品一区二区三区在线播放 | 日韩欧美一区二区三区久久婷婷 | 国产精品成人一区二区网站软件 | 国外成人在线视频网站 | 中文字幕一级 | 中文字幕一页二页 | 成人二区| 成人欧美一区二区三区在线观看 | 亚洲网站免费看 | 国产一区二区三区久久久久久 | 一区二区精品在线 | 久久99一区二区 | 极品久久| 国产成人一区二区三区影院在线 | 亚洲高清在线观看 | 91亚洲国产成人久久精品网站 | 国产一级毛片电影 | 欧美9999 | 国产成人涩涩涩视频在线观看 | 超碰在线播 | 久久国产精品视频 | 日产一区二区 | 国产精品日本一区二区不卡视频 | 日韩欧美二区 | 国产一页 | 国产探花在线看 | 涩涩涩999| 欧美日一区二区 | 国产亚洲一区二区三区在线 | 人人澡人人射 | 一区二区精品在线观看 | 欧美不卡视频一区发布 | 国产乱码精品一区二区三区中文 | 99热国产在线观看 | 成人欧美一区二区三区在线播放 |