The Development and Current Problems of WTO and Relating Influence on Chinese Enterprises
These authors contributed equally.
- DOI
- 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.
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 - 10.2991/aebmr.k.220307.487 ID - Jiang2022 ER -