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Minister Shi Guangsheng of Foreign Trade and Economic
Co-operation (MOFTEC) said: "We are making strenuous
efforts and are capable of keeping our commitment."
He made the remark during a meeting with German Minister
of Economics and Technology Werner Mueller.
Mueller was in Beijing to attend the 11th Meeting of
Sino-German Economic Co-operation Committee, a two-day
summit.
"We will keep our commitment to opening our service
sector gradually," Shi said.
The liberalisation of the service industries will be
mainly in the areas of securities, foreign trade, transportation,
banking, insurance and tourism, he said.
"We are taking advantage of China's WTO entry
to reform our foreign trade system to build up an efficient
market for both domestic and international players,"
Shi said.
He assured Mueller that the laws and regulations which
run counter to WTO rules are being revised and abolished
to help China keep its commitment.
According to MOFTEC, more than 2,300 related laws and
regulations have been amended while a total of 830 have
been abolished.
Meanwhile, the watchdog for China's foreign trade is
going to enact 325 new ones.
In another development, Shi called for the German Government
and European Union to abolish their discriminative trade
barriers imposed on Chinese products.
Sources indicated that by the end of June, anti-dumping
cases against Chinese products by the European Union
totalled 91. Restrictions were imposed on many Chinese
products such as textiles, canned mushrooms and garlic.
"It has caused great damage to Chinese enterprises,"
Shi said.
He urged the EU to adopt a fairer way to handle such
issues.
An initial agreement was also signed on Sino-German
Investment Protection.
"Co-operation between China and Germany is constructive
and beneficial to both sides," the minister said.
This year is the 30th anniversary of the establishment
of diplomatic relations between the two country.
Germany has become China's sixth largest trading partner
with bilateral trade reaching a record US$23.53 billion
last year, up 19.5 per cent from the previous year.
In the first five months of this year, the figure stood
at US$9.95 billion, up 10 per cent on the same period
of 2001.
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