What is the significance of China entering the World Trade Organization (WTO)?
A. The implications of China’s entry into the WTO are multifaceted. It will open doors to a more regulated business environment for foreigners wishing to enter China. It will also allow more goods and services from China to flow into other countries. China’s accession to the WTO is a historic event and without doubt, China is sure to play a major role in the future of world trade. Entering the WTO will finally help remove many business practice obstacles that as of today remain a major hindrance for foreign and domestic businesses alike. Governmental Focus Q.
