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"China's presence in the WTO will help balance
the interests of developing members and developed members
within the world's trading system," Chinese Vice
Foreign Trade Minister Long Yong-tu told an international
seminar which opened here.
The two-day "International Workshop on China's
Entry into WTO: China- the Association of Southeast
Asian Nations (ASEAN), Challenges and Areas of Cooperation"
is co-organised by the ASEAN Foundation, the Asian Institute
of Management (AIM) and the Association of Universities
of the Asia and the Pacific (AUAP).
"Forging closer ties with other developing countries
is the cornerstone of China's foreign policy and China
will always stand firm on the side of fellow developing
countries," Long said in his keynote speech at
the meeting.
"In the new round of multilateral trade talks,
China and other developing countries share lots of common
interests in increasing market access for products from
developing countries, opposing abuse of anti-dumping
policy, stopping unfair technical trade barriers and
other issues," he stressed.
China also maintains that the market liberalisation
in developing countries should be made step by step
and rash opening-up would hurt interests of developing
countries, said the official.
Long, who had headed negotiations for China's entry
into the WTO for many years, said China's market is
not only open to the developed world but also to the
developing countries.
"China is gradually cutting import duties, which
is benefiting developing countries including those in
ASEAN," he said.
ASEAN's annual trade surplus against China grew from
1.6 billion US dollars in 1998 to 5 billion dollars
last year and will continue to increase.
"That does not worry us. Instead, we consider
it as a evidence for the inter-complementarity between
China and ASEAN and we are glad to see the growth of
ASEAN's competitiveness," Long said.
Despite competition in certain areas, ASEAN and China
could turn these competitions into partnership via cooperation,
he noted.
The framework for trade cooperation signed by ASEAN
and Chinese leaders in the recent ASEAN Summit, aimed
to create a free trade area in 10 years, will provide
a platform for both sides to change competition into
partnership, said Long.
The meeting is attended by 50 experts from governments,
academic institutions and business sectors of China
and ASEAN, who will analyse the effect of China's entry
into the WTO on both China and ASEAN and discuss issues
such as regional integration, trade cooperation and
human resources development.
ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia,
Myanmar, the Philippines, Singapore, Thailand and Vietnam.
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