CHINA WTO
September 1st, 2001
BY KEITH NUTHALLCHINA has been granted membership of the World Trade Organisation, following 15 years of often intense negotiations, although its automobile industry is to retain a significant level of tariff protection.For industrial goods the average bound tariff level will fall to 8.9 per cent with a range from 0 to 47 per cent, with the highest rates applied to photographic film and automobiles and related products.As soon as Chinese membership is formally in place - which under a set timetable, should happen next March - if China raises its tariffs, it will ...
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