Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

The Development and Current Problems of WTO and Relating Influence on Chinese Enterprises

Authors
Caihong Jiang1, , Anping Lin2, *,
1School of Economics, Zhejiang University of Technology, Hangzhou City, Zhejiang, China
2International Business School, Hunan University of Technology and Business, Changsha, Hunan, China

These authors contributed equally.

*Corresponding author e-mail: 2146010071@stu.hutb.edu.cn
Corresponding Author
Anping Lin
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.487How to use a DOI?
Keywords
WTO; Chinese Enterprises; Multilateral Economy
Abstract

As great changes have occurred in international relations and global market, the problems of the WTO and the shortcomings of its operation mechanism have been constantly appearing in its negotiation process. The WTO’s ineffectiveness became particularly apparent after the breakout of COVID-19. Therefore, the WTO is supposed to adapt itself to the changing situation, or its future will be at stake. Chinese enterprises should take advantage of the opportunity brought by the dynamic circumstances. This review explains the prosperity and the decline of the WTO through two history events - Uruguay Round and Doha Round - and analyzes the mutual influences on trading between WTO and China after China’s accession into the WTO. Furthermore, the review focuses on the interpretation of WTO’s problems concerning the ineffectiveness of the Trade Policy Review Mechanism, the impacts caused by COVID-19 pandemic, and the emergence of multilateral trading system and de-globalization. There is also an analysis of relating effects on Chinese enterprises that stemmed from WTO’s problems. In the end, this review provides practical suggestions for both the WTO and China.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Download article (PDF)

Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.487How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Caihong Jiang
AU  - Anping Lin
PY  - 2022
DA  - 2022/03/26
TI  - The Development and Current Problems of WTO and Relating Influence on Chinese Enterprises
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2991
EP  - 2996
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.487
DO  - https://doi.org/10.2991/aebmr.k.220307.487
ID  - Jiang2022
ER  -