Finally, I would like to say that China`s accession to the World Trade Organization is a pioneering event that has a significant impact on China, the United States, the WTO and the world as a whole. It has the potential to transform the Chinese economy, its relations with its neighbours and perhaps even (at some point) its political system. It will encourage China to be accountable to an internationally agreed regulatory framework and engage it in far-reaching economic and systemic changes to meet their WTO accession commitments. While China`s full compliance with its commitments is difficult and there are likely to be many differences of opinion on issues related to China`s accession agreement, China`s accession to the WTO remains an important step in its move towards greater participation on the world stage, a measure that the United States should continue to fully support and promote. 8. Lorand Laskai, „Why does everyone hate made in China 2025?“, Council on Foreign Relations, March 28, 2018, www.cfr.org/blog/why-does-everyone-hate-made-china-2025. China became a member of the World Trade Organization (WTO) on 11 December 2001 after approval of the Ministerial Conference.  China`s accession to the WTO was preceded by a lengthy negotiation process that required significant changes in the Chinese economy. Source: Office of the U.S. Trade Representative, European Commission and Chinese Ministry of Commerce press releases; The WTO website; and author correspondence with government officials. Note: the agreements under which complaints have been filed are the General Agreements on Tariffs and Trade (GATT); General Agreement on Trade in Services (GATS); Agreement on Subsidies and Compensatory Measures (SCM); Agreement on Dispute Resolution Rules and Procedures (DSU); Agreement on Trade-Related Investment Measures (TRIM); Agreement on trade-related aspects of intellectual property rights (TRIPS); Agreement on the implementation of Article VI of the 1994 General Agreement on Tariffs and Trade (AD); Agreement on agriculture ;agriculture); agreement establishing the World Trade Organization (WTO); China`s accession protocol (accession protocol). First, China is bound not only by WTO obligations, which bind all other WTO members, but also by specific rules it accepted as part of its accession agreement when it joined the WTO.
These rules are contained in the accession protocol and the report of the Chinese working group and are commonly referred to as WTO bonds plus. The issues with the appeal body are part of broader differences of opinion among WTO members on how to address the underlying problems within the Organization. These divisions, combined with persistent trade tensions between the United States and China, offer Beijing the opportunity to stand up for global trade and increase its role in the WTO.