Trade Liberalization Goes on in China
China‘s trade regime has continued liberalizing since 2006, the WTO Secretariat said in a report following its second review of the country’s trade policies in Geneva.
Since the first review of China’s trade practices that obtained a good evaluation in 2006, plenty of China’s trade and investment reforms have been carried out to facilitate the country’s economic development. In 2006, China’s total trade in goods alone accounted for about 65% of its GDP and 13% of global trade. Moreover, China is still a major foreign direct investment destination. These reforms also speeded up China’s integration into the global economy.
This year’s review predicted that China—now the world’s third-largest trader, would keep fast growth in international trade with the help of its continuous opening up and ongoing reforms, though there are various challenges ahead.
China always welcomes foreign trade and investment from all other countries, and we—Bpovia Ltd is always ready to bear a hand in your successful business career in China.
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