China and the WTO: towards a better fit | 9 October 2019

Bruegel event recordings

This is a session that Bruegel organised at the World Trade Organization (WTO) Public Forum in Geneva. The participation of China in the WTO has been anything but smooth. Its self-proclaimed “socialist market economy” system has alienated its trading partners. Two diametrically opposite approaches (and a few variations of them) have been proposed to deal with the emerging problems. One is to demand that China changes its economic regime. The other is to stay idle and accept that the WTO must accommodate different economic regimes, no matter how idiosyncratic. At this event we want to propose a third way. In our view, the problems posed by China are due to the fact that, while in the past the GATT/WTO had to address the accession of socialist countries or of big trading nations, it never had to deal with a big, socialist country like China. In order to retain its principles and yet accommodate China, the WTO needs to translate some of its implicit legal understanding into explicit treaty language. Speakers: Chair: Arancha González, Executive Director, International Trade Centre Chad P. Bown, Reginald Jones Senior Fellow, Peterson Institute for International Economics Xiankun Lu, Managing Director, LEDECO Geneva Petros C. Mavroidis, Edwin B. Parker Professor of Foreign & Comparative Law, Columbia University André Sapir, Senior Fellow, Bruegel Read more at https://bruegel.org/events/china-and-the-wto-towards-a-better-fit/