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APPF6/D.Res/28

DRAFT RESOLUTION

ON

CHINA'S ACCESSION TO THE WORLD TRADE ORGANIZATION

submitted by Australia

submitted by the United States of America

The Sixth Annual Meeting of the Asia-Pacific Parliamentary Forum,

Noting that the People's Republic of China is currently engaged in negotiations to accede to the World Trade Organization;

Understanding that in order to accede to the WTO, the People's Republic of China must agree, within the context of a Working Party composed of all interested WTO members to abide by the terms of existing WTO agreements;

Noting that the People's Republic of China must separately commit, in the context of bilateral negotiations with individual WTO members, to opening its market to the goods, services, and investment of its prospective WTO trading partners;

Noting that upon acceding to the WTO, the People's Republic of China's markets will be significantly opened to foreign trade and investment, that the People's Republic of China will assume the market-oriented disciplines of the WTO; and that trade disputes with the People's Republic of China will be resolved within the multilateral resolution mechanisms provided by the WTO;

Recognizing that the People's Republic of China is the world's tenth largest trading country, and that it is the fastest growing major economy not currently subject to the obligations, disciplines and market access commitments of the WTO;

Encourages the People's Republic of China's accession to the WTO.

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