WRITE for ATol ADVERTISE MEDIA KIT GET ATol BY EMAIL ABOUT ATol CONTACT US
Asia Time Online - Daily News
              Click Here
Asia Times Chinese
AT Chinese



    China Business
     Dec 9, 2006
Former US trade official praises China

WASHINGTON - China has made remarkable progress in opening its economy since it joined the World Trade Organization (WTO) five years ago, said former US trade representative Charlene Barshefsky in an exclusive interview.

"China's implementation of WTO commitments has in general been good, although there are several areas of concern expressed by the US, the EU and others," said Barshefsky, one of the architects of China's WTO agreement in 2001.

"Most notably, with respect to intellectual-property protection,



with respect to services-market opening, China is still completing its commitments under the WTO," she said.

These two areas, intellectual property and services, are very important, she said, adding: "There are quite visible signs of China's implementation of its WTO commitments."

In view of its economic size, it is increasingly important for China to do everything it can to implement fully its WTO commitments, Barshefsky said. But she said she also thinks "as a general matter, China has made quite remarkable progress in opening its economy, in welcoming imports and in inviting foreign investments".

The fact that China had remade its economy, as a spur to global growth, should not be ignored, she said. Mentioning China's "very rapid, very substantial, very consistent" economic development, Barshefsky said, "China is no longer a bystander in the world economy.

"It has become an important hub in the global economy and as such it takes on responsibilities beyond merely its own economic development."

When asked about trade disputes between China on the one hand and the US or the European Union on the other, Barshefsky said that she is "very much in favor of negotiation".

"I am not in the position to say whether China or the US fully explored all possible negotiated solutions, or whether China or Europe fully explored all possible negotiated solutions. I certainly hope all sides did, because that would [mean] better outcomes for everybody.

"Trade sanctions often do not solve problems, but sometimes mutual cooperation can. So every opportunity always has to be given to try to find the negotiated solution before any further steps are taken," noted the chief trade negotiator and principal trade policymaker for the Untied States from 1997 to 2001.

About the Doha Round of global trade talks, Barshefsky said: "It will be good to see Doha conclude in a positive way. All countries have to be flexible."

Talking about the agriculture disputes between developed and developing countries, the trade expert said that subsidies by the US and Europe to agriculture must come down substantially. Export subsidies should be eliminated and domestic subsidies should be cut very dramatically.

"Unless that happens, the trade effect for poorer countries will not be particularly significant at all. And that will be an unfortunate outcome for something called 'the development round'," she said.

Recalling the negotiation for China's entry to the WTO, Barshefsky said, "China is a very, very tough negotiating partner.

"China and the US share a very important common characteristic, and that is we are practical people," she said.

Because both the Chinese and American people share this characteristic, she said, "we are often able to overcome differences, even political differences, by simply coming up with a practical solution that benefited both sides".

"I think the Chinese side particularly excelled at this, but the US side did as well. So, even on complicated issues, we could find a situation to come to agreement, and that really led to the kind of historic outcome that was achieved," she said.

Barshefsky said, "Trade is the foundation of the US-China relationship. It causes friction, of course, but also great benefits for both countries.

"I think the challenge for the US and China is to learn how to cooperate in a meaningful way."

(Asia Pulse/Xinhua)

 

 
 



All material on this website is copyright and may not be republished in any form without written permission.
© Copyright 1999 - 2006 Asia Times Online Ltd.
Head Office: Rm 202, Hau Fook Mansion, No. 8 Hau Fook St., Kowloon, Hong Kong
Thailand Bureau: 11/13 Petchkasem Road, Hua Hin, Prachuab Kirikhan, Thailand 77110