Iowa Public Television


Beijing on Board for WTO Talks

posted on September 1, 2006

Beijing is willing to help restart WTO talks but wants to see developed countries make "substantial contributions" first, China's commerce minister told U.S. Trade Representative Susan Schwab on Tuesday.

World Trade Organization talks were suspended last month after the United States, the European Union and other major players failed to agree on a plan cutting barriers to farm commerce.

Schwab, who was in Beijing to press for help in restarting WTO talks, said she didn't present specific steps that Washington wants Beijing to take. But she said China would be expected to offer concessions to open its market wider to foreign competitors, on top of steps promised when it joined the WTO in 2001.

Schwab also presented U.S. concerns about China's controls on its banking, insurance and auto parts industries, as well as the country's thriving product piracy industry.

Tags: China news trade