Xi Jinping calls for active participation in WTO reform

Noting that this year marks the 45th anniversary of China’s reform and opening-up, Xi urged efforts to open up wider to the outside world and make steady progress on reform.

General secretary of the Communist Party of China (CPC) Central Committee, Xi Jinping, has reiterated efforts to actively participate in the reform of the World Trade Organization (WTO).

Xi stated this when he presided over a group study session of the Political Bureau of the CPC Central Committee on Wednesday.

He said the WTO remained an important stage for global economic governance,
and encouraged efforts to fully participate in WTO reform and adjust international economic and trade rules, while also promoting high-level opening-up.

Xi said China made a right decision to join the WTO, as the accession to the WTO more than 20 years ago, not only accelerated China’s development but also benefited the rest of the world, stressing that China has become the world’s largest trader for goods and a major trading partner for over 140 countries and regions, contributing an average of nearly 30 percent to the world’s annual economic growth.

He emphasized the need to stick to the overall trend of economic globalization, champion free trade and true multilateralism, oppose unilateralism and protectionism, oppose politicizing, weaponizing and overstretching the concept of national security on economic and trade issues, and build an open world economy.

While noting that 2023 marked the 45th anniversary of China’s reform and opening-up, Xi urged efforts to open up wider to the outside world and take active steps to cultivate a first-class business environment that is market-oriented, law-based, and internationalized.

He called for more efforts in developing digital trade, enhancing the country’s status in international division of labor and move up the global value chain, while safeguarding national economic security in the process. 

While seeking to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement, China should take it as an opportunity to further stimulate imports, expand market access and promote in-depth development of multilateral and bilateral cooperation, Xi said.
Source: China.org.cn

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