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China trade: WTO membership and most-favored-nation status: statement for the record by JayEtta Z. Hecker, Associate Director, International Relations ... Security and International Affairs Division
JayEtta Z Hecker; United States
Paperback. Books LLC, Reference Series 2012-05-21.
ISBN 9781234686123
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Buy from Amazon.co.uk
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Publisher description
OCLC Number: 41318010 Excerpt: ...* Fact-finding: As figure 1 illustrates, in the first phase of fact-finding the 11 12 working party, assisted by the Secretariat, collects and synthesizes WTO information on the applicant's trade regime. The applicant submits a detailed outline of its trade policies and practices and answers questions until the working party has sufficient information to begin negotiations. * Negotiation: Figure 1 shows that the second phase of the process follows a two-track approach, involving both bilateral and multilateral negotiations. On a bilateral basis, each working party member negotiates with the applicant on its specific commitments on goods and services under the agreements. The applicant submits an overall market access offer as WTO the starting point for the negotiations, detailing how the country will lower barriers to trade. Although these negotiations are conducted bilaterally, any agreement reached between two countries will apply to all WTO members, as the principle of requires. In the multilateral negotiations, MFN the working party and the applicant negotiate terms for how the applicant WTO will adhere to ' s principles and technical guidelines, so that the applicant will meet the normal obligations and responsibilities of membership. For example, a country might be asked where and when it WTO would publish new laws, in order to comply with a transparency requirement. The negotiation phase results in four documents, which detail the results of the negotiations and make up the applicant's final accession package: ( 1 ) The Consolidated Schedules: These detail the applicant's specific market access commitments under various agreements, primarily WTO covering individual tariff lines for goods and services. They are annexed to the protocol as an integral part of the agreement. 11 The working party is created to oversee the negotiations and is open to all interested members of the WTO. 12 The WTO Secretariat provides administr
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China trade: WTO membership and most-favored-nation status: statement for the record by JayEtta Z. Hecker, Associate Director, International Relations ... Security and International Affairs Division
Book reviews » China trade: WTO membership and most-favored-nation status: statement for the record by JayEtta Z. Hecker, Associate Director, International Relations ... Security and International Affairs Division
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