Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search


China's Chances Of Joining WTO Not Looking Good

Beijing is making little headway with the US over efforts to avoid anti-dumping actions as part of a deal for China to join the World Trade Organisation (WTO) John Howard reports.

Gloom hangs over talks today between Beijing and Washington that could seal the fate of China's attempt to join the WTO this year.

Officials on both sides described the talks as the most important trade meetings between the two this year, but held out little hope of success.

"What we need is a miracle of political will and compromise," said pro-China lobbyists who were unwilling to be named.

"There is little hope out there for anything even like that......people are starting to say these talks are doomed before they start in terms of a swift deal," they said.

Chinese Foreign Trade Minister Shi, is due to meet his US counterpart, Trade Representative Barshefsky, for the most intensive discussions since the US bombing of the Chinese Embassy in Belgrade put negotiations on hold.

Talks between the president's of both countries at APEC in Auckland were not successful according to reports.

The Washington meetings have been cut back to just one day and Mr Shi is expected to be arriving without his lead negotiator, Long Yongtu. Mr Long's absence was being seen as a sign that Beijing wanted to step back from wider-than-expected concessions offered by Premier Zhu Rongji on a US visit in April.

Mr Shi has repeatedly said the April offerings of tariff reductions and opening of strategic markets were not confirmed and should not be seen as a fresh starting point - a point of conflict with the US side.

However, a fast deal is crucial to what remains of Beijing's hopes to join the WTO in time to take part in the ministerial meeting in Seattle in November - a session set to initiate a new global round of trade reductions. If China misses out, there is no clear timetable guiding any fresh attempt to join.

Even if the US and China agree to the trade deal necessary for WTO membership, there are increasing doubts it would be approved by Congress in time for the Seattle sessions.

Leading Republicans in the US Senate and House of Representatives have warned the window of opportunity has all but closed amid an intensifying political environment.Congress has a tight schedule before its November recess while feelings are running high against China over spying allegations, human rights abuses and a yawning trade deficit.

However, there has been a flurry of back-room activity by the extensive US business lobby that wants a quick deal to improve access to the Chinese markets. On the other side, protectionist lobbies such as the American Textile Manufacturers Institute are demanding that the US keep quotas on Chinese competitors until at least 2010 - not 2005 as proposed.


© Scoop Media

Top Scoops Headlines


Gordon Campbell: On Politely Fake Political Obituaries (And The Paris Discord)

One unfortunate side effect of “personality politics” is that when prominent politicians die, the niceties we observe at the death of private individuals get automatically extended to them as well... More>>


Unique And Vanishing: NZ Biodiversity Losses Match Global Crisis

One might think that it is buffered from some of the effects of biological erosion, especially since people only arrived less than 800 years ago. But as we show, the impact on wildlife has been catastrophic. More>>

Your Name Here(ish): Sponsor A Section On! has just launched Section Sponsorships - the newest way for you to gain exposure for your brand to Scoop’s high value audience of 500,000 monthly readers. More>>


You Did It! The Scoop 3.0 PledgeMe Closes

Update: The Scoop 3.0 Crowdsale and Crowdfunding Campaign met its target with a total of $36,024 pledged. It looks like it has all been worthwhile. We are nearly there and will ride again in 2019, our 20th year of operations. Moreover the past week has brought a number of inquiries from larger organisations, many of which have till now failed to respond to our messages... More>>


Lyndon Hood: Quiz: Advice For Nats On Collins Leadership, Or Quote From Indiana Jones Fan Fic?

In a recent rest home speech, Judith Collins pitched for the leadership of her party, while at the same time the ghost of Margaret Thatcher struggled to regain control of Collins’ body from the incoherent raging demon that animates Western ethno-nationalist protofascism. More>>