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business

'WTO wants China to cut non-tariff barriers'


Members of the World Trade Organisation (WTO) have called on China to eliminate non-tariff barriers, arguing that many of the measures are vague and obstruct trade and investment growth.

  After the WTO meeting on the fourth revision of China’s trade policy after the country became a member in 2004, other members are still concerned about lack of transparency in many of China’s non-tariffs barriers, said Srirat Rastapana, director-general of the Trade Negotiations Department.
The barriers that member states are most worried about are imposition of anti-dumping duties, technical trade barriers, sanitary and phytosanitary issues, operations of state-owned enterprises, customs process, export restrictions, and the protection of intellectual property rights.
“Member states voiced concern that China has not provided adequate information on rules and regulations to trading partners, while they faced difficulty in accessing information, in particular in different states. Inefficiency in providing clear information has caused problems for trade and investment,” said Srirat. The department will closely follow up on action taken by China to prepare information for Thai enterprises.
However, Srirat said China also has efficient policies that have helped the growth of businesses related to services. Thai enterprises have benefited from China’s flexible service liberalisation policies.
China has flexibility in welcoming investments for promoting seven industries. They are – eco-car, biotechnology, green technology, energy-saving, alternative energy, high technology in IT and manufacturing industries such as aircraft, train, and satellite.
However, China still has a policy for the farming sector that distorts the market mechanism mainly through its subsidy on farming production, and pricing.

Published : June 24, 2012

By : THE NATION