Chinas Entry Into WTO And Its Impact On EU

Abstract

The EU and China on May 19, 2000 reached a bilateral agreement toward Chinas membership in the WTO. The agreement brings China ever closer to completing its 14-yeas-old accession bid. China and the EU, two of the biggest markets in the world, have a everything to gain by deepening their commercial tides. Since 1978, EU and China trade has increased more than l0-fold. China is now the third largest important non-European trading partner. A strengthening of trade relations between China and EU is happening at the multilateral and bilateral level. Multilaterally, the EU is one of the keenest advocates of Chinas early accession to the WTO. Bilaterally, the EU supports Chinas economic and trade reforms, while encouraging further market opening. What is the EUs view on Chinas WTO accession? How does Chinas entry into WTO impact the EU? How will China benefit from joining the WTO? How does Chinas entry into WTO impact the EU? Will China comply with the agreements committed to EU? The purpose of this research is to evaluate trade performance, problems, current disputes, and other trade barriers between EU and China.