How will WTO effect the risks of doing business in China?
• Firstly, China’s ambitious WTO entry package commits the Government to adopting a range of trade, investment and institutional reforms that will improve the challenging business environment. • As part of WTO entry, Chinese authorities are implementing a major legal review of commercial statutes; this should boost transparency and predictability. • For example, this year China has been implementing a raft of new laws strengthening intellectual property protection • The Government also is using WTO entry requirements to drive bureaucratic reforms to reduce the state’s role in the economy. This should increase certainty for foreign and local businesses. • For example, the Government is running training programs for many thousands of officials across China on their new role in a market oriented economy. sectoral opportunities The Minister already outlined some major commercial opportunities emerging; the report details many more. For traders and investors in agriculture, food processing,
