Abstract

As one of the three international institutions formed in the aftermath of the Second World War constituted the postwar world economic order, the GATT was an international treaty with its central mission promoting free trade among the contracting parties. During the forty-seven years of its existence (1947-1994), the GATT provided a legal framework within which most international trades were conducted. On January 1, 1995, the WTO was established in accordance with the results of the Uruguay Round of Multilateral Negotiations under the auspices of the GATT. The replacement of the GATT by an institutional body, the WTO, ushered in a new era in the international trade system. Based in Geneva, Switzerland, the WTO is an inter-governmental organization. Its main decision-making bodies are councils and committees consisting of the WTO's entire membership. China is the second-largest recipient of foreign investment around the world. Today the Chinese economy represents between 5 to 1 percent of global output, depending on the method used to calculate national production. But up to now, China is still not a member of the WTO. In this thesis, the author likes to analyze China's bid to the WTO, and make it clear why it's the history task which needs joint efforts. Part II will reiterate the importance of China's accession to WTO. Part III will review the major events in China's bid to the GATT and the WTO since the establishment of the GATT. Part IV will analyze the major obstacles to China's admission to the WTO. Part V and Part VI will state what China should do and what the WTO should do separately.

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