China’s Entry into the WTO - A Mistake by the United States?
Forthcoming chapter in China and the WTO: 20 Years On (Henry Gao and Damian Raess eds., Cambridge University Press).(2022). Georgetown Law Faculty Publications and Other Works. 2448.
22 Pages Posted: 3 May 2022
Date Written: April 26, 2022
The conclusion that China's accession to the WTO was a failure from a U.S. perspective stems from: 1) loading too many issues and expectations—including an entire panoply of national security and geostrategic concerns -- on to the WTO and its rules-based, binding dispute settlement system to address; 2) failure by the United States and the rest of the world to use the tools available as a result of China’s accession to the WTO to both protect their domestic markets and hold China to account for its WTO commitments; and 3) China’s U-turn away from market-economy reforms to a much more state-centric, Chinese Communist Party (CCP)-run economy. Addressing the United States’ concerns with China will require working to strengthen the WTO and then using it to take on a more limited set of trade concerns while using other tools to address broader concerns both bilaterally and in conjunction with allies and partners.
Keywords: China, WTO, trade
JEL Classification: K00, K33, K39
Suggested Citation: Suggested Citation