Chinese representative warns that U.S. trade protectionism threatens the multilateral trading system

China’s Permanent Representative to the World Trade Organization, Sun Zhenyu, issued a warning on the 9th that the weakness of the US economy has caused its domestic trade protectionism to rise. If it is not stopped, this kind of thinking will threaten world trade and the global multilateral trading system.

When Sun Zhenyu spoke at the US Trade Policy Review Conference that was held on the same day, the US’s domestic trade protectionist sentiment continued to rise, causing widespread concern among WTO members. For example, the U.S. Congress failed to prolong the president’s trade promotion authorization, and the new agricultural bill passed by Congress recently also continued to maintain huge agricultural subsidies.

He said that with the Doha round of global trade negotiations at a critical juncture, the protectionist measures of the US Congress have issued very unfavorable signals. These measures have also resulted in the emergence of WTO members’ leadership and political will for the United States to promote the successful Doha Round negotiations. doubt.

Sun Zhenyu said that the United States has also continued to abuse trade remedy measures, such as anti-dumping measures, which has also caused widespread concern among WTO members. In addition, the United States often uses various methods to delay the implementation of the relevant decisions of the WTO dispute settlement agency.

He said that the United States is the biggest beneficiary and most active advocate of global trade liberalization, but its protectionist approach is clearly inconsistent with this status. This tendency of protectionism continues to pose a threat to global trade and the multilateral trading system. China is very concerned about this.

Sun Zhenyu also stated that bilateral trade between China and the United States continues to grow and the trade structures of the two countries are also highly complementary. Therefore, maintaining healthy trade relations and deepening cooperation will promote the economic development of the two countries and the well-being of the people, and it will also benefit the world. Economic growth.